An EAP is an Education Assistance Payment. It's the payment that's made to your beneficiary after they've officially enrolled in eligible post-secondary studies at an approved school. If your beneficiary has a CST™ Advantage Plan, they are entitled to four EAPs. Each EAP consists of the following:

  • Government grants and any income earned on your government grants
  • The child's share of the EAP Account (a pool of money distributed between beneficiaries in the same beneficiary group)
  • The Group Plan Benefit
  • Sales Charge Refund