The Registered Disability Savings Plan (RDSP) is a long-term savings plan to help Canadians with disabilities and their families save for the future.
Contributions to RDSPs may be supplemented by a Canada Disability Savings Grant (Maximum $70,000), the Government of Canada provides matching grants depending on the amount contributed and the beneficiary's family income and a Canada Disability Savings Bond (Maximum $20,000) to low-income and modest-income Canadians. No contributions are required to receive the bond. Grants and bonds are great incentive for disabled persons and their families. The beneficiary of the RDSP is the person who will receive the money in the future. The purpose of the Government is to encourage long term savings through Registered Disability Savings Plans (RDSPs) to help people with severe and prolonged disabilities and their families save for the future.
The following video by Employment and Social Development Canada describes who can open an RDSP and benefit from it and who can make contributions, helping Canadians living with disabilities and their families become more financially secure.
An RDSP is a long-term savings plan which has specific conditions about taking money out. The following video explains who can withdraw funds and when they can be withdrawn. It also tells you what happens when there are changes regarding a beneficiary.
Important: Individuals with an RDSP don’t qualify for the government grants or bonds if they are over 49 years of age. So eligible person who is over 40 may lose government grants or bonds if he waited long to open RDSP.
For more info regarding RDSP plan you can Call us at 647-951-7900 or email us at
Eligibility Information
- A Canadian resident with social insurance number who is eligible for the Disability Tax Credit;
- is under 60 years of age (if 59, the individual must apply before the end of the calendar year in which he/she turns 59);
- Please note to qualify for Grants and Bonds beneficiary's age should be 49 or less.
if you need assistance to complete Disability Tax Credit application you can Call us at 647-951-7900 or email us at
Who can contribute to an RDSP?
Anyone can contribute to an RDSP with the written permission of the plan holder.
Why open an RDSP?
- RDSP can help you build long-term financial security for yourself [or your loved one]
- RDSP will not affect your other provincial government disability benefits.
- Take advantage of government grants and bonds and contribute every year to get the
maximum annual Canada Disability Savings Grant and Canada Disability Savings Bond. - If anyone have a low income, the government will still save for them.
To learn about How to Obtain Up to $90,000 of Government help in form of Grant and Bond by opening RDSP plan for Disabled Family member please call us at 647-951-7900 or email us at
RDSP Resources
- For More info download the pamphlet from The Government of Canada and Employment and
Social Development Canada (ESDC) website - RDSP Investor Guide from Mackenzie Investments
- RDSP Brochure From BMO
- RDSP Step by step Guide by Plan.ca
- Ontario edition: Registered Disability Savings Plan guide by Plan.ca
- RDSP calculator for Canadians help families project the estimated future value of an RDSP
Following videos created by Employment and Social Development Canada