Over 55 years of milestones and memories
The Foundation has been a key player in the history and evolution of education savings in Canada,
pioneering the concept of an RESP and lobbying governments for tax incentives and grants.
View our videos at www.cst.org/clientvoice to hear from
some of the students and families who have beneted by
saving with CST.
Peter Wright brings
together a distinguished
board of directors,
establishes the non-profit
Canadian Scholarship Trust
Foundation and becomes
its first President.
There is very little
marketing and sales.
Sales are mostly by
word of mouth. Peter
Wright: “We have not
embarked on any program of advertising,
because we have felt that this could lead
to a misunderstanding of the purpose of
the Plan and to a withdrawal of the very
kind of support it now deserves and
receives from the mass media.”
We propose a change to the Income Tax
Act to tax interest payments from the
Canadian Scholarship Trust Plan in the
hands of the students, and begin a
dialogue with the Government of Canada.
We launch our Individual and Family
Savings Plans, allowing families to take
advantage of changes made in the
Income Tax Act that year.
We expand the plans to include
two-year programs at colleges and
We open for business
with a savings plan
designed to save for
• 30 years
• approximately 250,000 subscribers
• over $200 million in payments
opens the first
Scholarship Trust Plans for his family.
“In 1960, I was a young solicitor with
five children. I knew that I would
have a tremendous financial problem
if they all went through university at
the same time. All five went to
university and four completed their
degrees. The CST Plan was one of the
best investments I have made.”
The change to the Income Tax Act is
approved: subscribers no longer have to
pay tax on interest payments — students
pay the tax at a much lower rate and
Canada introduces the registered
education savings plan (RESP). We make
our first education assistance payments
to 81 students.
• 20 years
• 80,000 subscribers
Inc. to market
• over $20 million
in payments to
We introduce a new logo.
Overwhelmed by over 13,000 referrals
from existing subscribers, we hire a
company to take over enrolment work.
• 50 years
• over $2.2 billion in payments
• almost $3 billion in assets under
We update our logo.
Canada introduces the Canada
Education Savings Grant.
Government introduces three new grants:
• Canada Learning Bond
• Additional Canada Education
• Alberta Centennial Education
We lobby the federal and Alberta
governments to create more grant
programs. John Kearns, President and
CEO, Canadian Scholarship Trust
Foundation: “We believe our role as
advocate is an integral part of our
responsibility to help ensure access
to post-secondary education is
possible for everyone.”
William Balkwill, a 97-year old
subscriber, sends a photo of himself
with his granddaughter, Vanessa, and
his three greatgrandchildren, Matthew,
Johnathan and Olivia — all beneficiaries
of the CST Plans he invests in.
“The CST organization has proven to be
a very worthwhile investment in my
family’s education, and I encourage
others to consider using CST as a
vehicle to invest in our future.”
We update our logo.
We encouraged the Saskatchewan
government to create a grant program.
• B.C. Training and Education
Savings Grant introduced
• Alberta Centennnial Education
Savings Plan closes
• Over $4.2 billion in assets under management
Saskatchewan Advantage Grant for
Education Savings introduced.
The Quebec government introduces the
Quebec Education Savings Incentive.
the Peter Wright
Graduate Award for $5,000, and later
expand the program to include four
• Arthur Pigott Award
• Rowland Lloyd Award
• Gladys Neale Award
• Kenneth Le M. Carter Award
The first Peter Wright Graduate Award
winner is Peter Marks, a 24-year old
medical student attending the
University of Toronto.