RDSP Resources

The Registered Disability Savings Plan (RDSP) was introduced in the spring budget of 2007 by the federal government and was official launched in the fall of 2008. It is a savings plan designed for those living with a mental or physical disability to help provide long-term savings to support them in the future. Personal contributions, along with additional grants of up to $70,000 and bonds up $20,000, provide a tremendous tax-deferred investment opportunity to generate funds needed for continued support and care.

RDSP - Revenue Canada

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  • Beneficiary must qualify for Disability Tax Credit (T2201)
  • Eligible for plan up to December 31 in year beneficiary turns age 59
  • Canadian resident
  • Social Insurance Number


  • Assets and income do not affect ODSP
  • Investments grow tax deferred
  • Anyone can make contributions
  • Canada Disability Savings Grants and Bonds (can be retroactive to plan inception)
  • Flexibility of account holder

Canada Disability Savings Grant (CDSG)

  • Eligible for grant until December 31 of year beneficiary turns age 49
  • Maximum lifetime CDSG $70,000
Family Net Income CDSG matching rates Max. annual CDSG
Up to or equal to $89,401 300% on first $500 $3,500
200% on next $1,000
Over $89,401 100% on first $1,000 $1,000


Canada Disability Savings Bond (CDSB)

  • Eligible for bond until December 31 of the year beneficiary turns age 49
  • Maximum lifetime CDSB is $20,000
Family Net Income Maximum Annual CDSG
Up to or equal to $26,021 $1,000
Between $26,021 and $44,701 $1,000 reduced on a pro-rated basis
Over $44,701 Not eligible for CDSG

*2015 rates indexed annually to inflation