Can I still receive Government co-matching after my child’s Child Development Account (CDA) is closed?
If you have not reached your child’s co-matching cap when the CDA closes, you can continue saving in their Post-Secondary Education Account (PSEA) until they turn 18 to receive the remaining Government co-matching in their PSEA.
For more information on PSEA, visit the MOE website.
Related questions
If I have not saved up to the co-matching cap by the end of my child’s 12th year, will I still be able to receive co-matching contributions from the Government after the Child Development Account (CDA) is closed?
Do I need to save up to the Child Development Account (CDA) Government co-matching cap before my child’s CDA closes?
Why was my Child Development Account (CDA) saving not co-matched by the Government before the CDA closed?
What happens to the Child Development Account (CDA) balance after my child’s CDA is closed?
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