Why was my Child Development Account (CDA) saving not co-matched by the Government before the CDA closed?
To receive the Government co-matching in your child's Child Development Account (CDA), the following conditions must be met:
Your deposit must be within the CDA Government co-matching cap; and
You must make the deposit into the CDA before 15 Dec of the year your child turns 12.
Important: If you make a deposit into the CDA after 15 Dec of the year your child turns 12, you will receive the Government co-matching amount in the Post-Secondary Education Account (PSEA).
Related questions
Do I need to save up to the Child Development Account (CDA) Government co-matching cap before my child’s CDA closes?
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?
Can I receive the Government matching in the Child Development Account (CDA), if the deposit is not made by me?
Can I still receive Government co-matching after my child’s Child Development Account (CDA) is closed?
Need more help?
Get in touch