If there are unused funds in the Child Development Account (CDA) at the end of your child’s 12th year , the funds will be automatically transferred to your child’s Post-Secondary Education Account or PSEA, subject to the cap applicable to your child. The cap is based on the sum of the CDA Government contributions cap, the corresponding deposits made by parents or third parties, any Child Development Credit and any accrued interest. If there is any excess balance above this cap, MSF will notify the CDA trustee about the refund arrangement.