Building toward your future

When it comes to building a secure financial future, there’s no better time to start than right now. A Registered Disability Savings Plan (RDSP) offers our members living with a disability the opportunity to invest today for a more secure tomorrow.

What is an RDSP?

If you live with a disability and can claim the Disability Tax Credit, you may be entitled to open an RDSP. The RDSP is a long-term savings plan that is designed to help eligible Canadians with a disability invest for their future and that also allows their savings to grow tax-deferred.

You can contribute as much as you want to the RDSP each year until you reach a lifetime maximum of $200,000. What’s more, other people can contribute to your RDSP too; they just need your written permission. 

Parents and legal guardians who care for people with a disability can open an RDSP with their child or charge named as the beneficiary. Taking small steps toward financial security now will pay off in the future.

Government of Canada grants and bonds

The Government of Canada also wants to see your savings grow. To help, it has set up a system of matching grants and bonds that can be accessed. Here’s how it works:

Canadian Disability Savings Grants

If you’re RDSP-eligible, the grant can be up to three times the amount of money put into the RDSP, up to $3,500 per year for 20 years, or until the calendar year the beneficiary turns 49, whichever comes first. That’s an additional $70,000 that could be waiting for you when you need it.

Canadian Disability Savings Bonds

Saving for the future isn’t all that easy for many Canadians. That’s where these bonds come into play.

If you’re a low-income Canadian with an annual family income of less than $25,500, you’re eligible to receive a $1,000 bond every year for 20 years, or until the year you turn 49, whichever comes first. (If your annual family income is between $25,500 and $43,900, you could still be eligible for part of the $1,000 each year.)

The bond will be invested in your RDSP regardless of whether you’re able to contribute to it or not. Even if you don’t contribute, you could still gain up to $20,000 to help with future expenses.

Our investment advisors are here to answer all your questions, to let you know your options and to help you access federal RDSP grants and bonds that will make your savings grow faster and more easily than you ever thought possible.

Because when it comes to building your financial future, there’s no time like the present.


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