I just happened to stumble on this thread and after quick review I've cancelled my plan with CST. Thankfully, it's only been two $200 payments since my son was born so I'm considering myself lucky. There definitely were some pressuring sales tactics from their end when we set it up on how much better they are than the banks and how we needed to jump on this early.
The sales person did mention the sales fee at the beginning but I didn't realize it would be so much or that the other RESP providers, such as banks, wouldn't have similar fees. Because the sales fees are taken up front (so they still get your money if you cancel), I don't get any of my $400 dollars back. But if I'm understanding this correctly, I can set one up at a bank and avoid paying the next $4000 that would all be going to the sales fee as well.
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