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Registered Disability Savings Plans (RDSP)

  1. Personal
  2. Investing
  3. Registered Disability Savings Plans (RDSP)

Tax-sheltered disability savings, with a government boost.

With generous grants and bonds, tax-deferred growth, and flexible contribution options, a Registered Disability Savings Plan (RDSP) is more than a savings plan - it's a pathway to financial independence. An RDSP is a powerful, government-supported investment tool designed to help people with disabilities and their families save for long-term financial well-being.

Whether you're just learning about RDSPs or ready to open one today, our team is here to guide you every step of the way.
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Plan for the Future with Confidence

Who qualifies for an RDSP?

  • Can be opened by a person younger than age 59 who qualifies for the Disability Tax Credit
  • Must be a Canadian resident with a valid Social Insurance Number (SIN) and a current Canadian tax filing record

How do you set up an RDSP?

  • Applications can be made to a financial institution registered with the government to open plans
  • Plan holder will generally be a parent or guardian if the beneficiary is a minor
  • An adult beneficiary must be their own holder (with certain exceptions)

How much can you contribute to an RDSP?

  • The lifetime contribution limit is $200,000
  • There is no annual limit to contributions, however, there are annual limits to the amount of government assistance
  • Contributions are after-tax, meaning there is no tax deduction when contributing
  • While in the plan, there is no tax on income earned on either personal or government contributions
  • If the beneficiary was eligible for an RDSP in years prior to opening the plan, a one-time catch-up of up to $10,000 is available for unclaimed bond amounts from the previous 10 years

Additional Government Assistance

Canada Disability Savings Bond (CDSB)

  • CDSB makes annual payments regardless of personal contributions
  • Can be up to $1,000 annually
  • Lifetime limit of $20,000
  • Amounts are based on the beneficiary's family income
Learn More

Canada Disability Savings Grant (CDSG)

  • CDSG matches personal contributions
  • Can be as much as a 300% match to a maximum of $3,500 annually
  • Lifetime limit of $70,000
  • Amounts are based on beneficiary's family income and contribution amounts
Learn More

RDSP Calculator

Estimate your RDSP's potential with an easy-to-use calculator.
RDSP Calculator

Ready to apply or have questions?


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