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RDSP

Create a nest egg with an RDSP

A tax deferred savings plan, the Registered Disability Savings Plan is designed to help Canadians with disabilities and their families prepare for the future.

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Who is eligible?

An individual can be designated the beneficiary of this registered plan if this person meets all of the following eligibility criteria:

  • Is approved for the Disability Tax Credit (DTC)
  • Has a valid social insurance number (SIN)
  • Is a Canadian resident when the plan is entered into
  • Is younger than 60 years of age
Who is eligibile?

Benefit from the savings power of an RDSP

Grow your money faster – Savings grow tax-free until withdrawn, so interested is compounded faster.

Anyone can contribute – Whether friends or family, anyone can add savings to an RDSP.

Hold a number of investments – Qualified investments such as term deposits, investment savings accounts, and mutual funds can be held in your RDSP.

Benefit from government support – Grow your savings with the federal government's matching grants, and for low- to mid-income individuals, the bonds.

Canadian Disability Savings Grant (CDSG) – The federal government will pay a matching grant of up to 300% on RDSP contributions to a maximum of $3,500 annually. The CDSG is based on net family income to a maximum lifetime benefit of $70,000.

Canadian Disability Savings Bond (CDSB) – The federal government will provide low-income Canadians an additional incentive of up to $1,000 annually. You do not have to make a contribution in order to receive the CDSB. The maximum lifetime benefit is $20,000.

About deposit protection

Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).

 
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We can help provide security and peace of mind to people living with a disability. Let us answer all your questions.

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How much will I save?

Use our RDSP Calculator to estimate how much annual income you can rely on from your disability savings, and how government grants will contribute.