Will I still be able to receive dollar-for-dollar co-matching contributions from the Government after the Child Development Account (CDA) is closed?
If your child is eligible for CDA co-matching and you have not saved up to the matching cap by the time the CDA is closed, you may continue to save in the Post-Secondary Education Account (PSEA) before your child turns 18 years old, to receive the remaining Government co-matching.
For more information on PSEA, please visit the [Ministry of Education's 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?
What is the deadline for me to top up the CDA in order to receive Government co-matching contributions?
When will the Child Development Account (CDA) be closed?
How can I transfer my Child Development Account (CDA) funds to Post-Secondary Education Account (PSEA)?
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