Registered Disability Savings Plan

Registered Disability Savings Plan

The Registered Disability Savings Plan (RDSP) helps Canadians with disabilities and their families save for the future. If you are a Canadian resident under age 60 and are eligible for the Disability Tax Credit (Disability Amount), you are eligible for an RDSP. Earnings accumulate tax-free, until you take money out of your RDSP. Parents or guardians may open an RDSP for a minor. With written permission from the holder, anyone can contribute to the RDSP.

Canada Disability Savings Grant

Through the Canada Disability Savings Grant, the Government deposits money into your RDSP to help you save. The Government provides matching grants of up to 300%, depending on the amount contributed and the Beneficiary’s Family Income. The maximum is $3,500 each year, with a limit of $70,000 over your lifetime.

Canada Disability Savings Bond

Through the Canada Disability Savings Bond, the Government deposits money into the RDSPs of low-income and modest-income Canadians. If you qualify for the bond, you could receive up to $1,000 a year from the Government, with a limit of $20,000 over your lifetime. Contributions do not need to be made to the RDSP in order to receive the bond.

To learn more about RDSPs, contact one of our finanical advisors with Credential Financial Strategies Inc.

Krista Ahern 854-2699, 888-5530 or
Sharon Gallant 853-6020, 859-2266 or

Credential Financial Strategies is a member company under Aviso Wealth Inc., offering financial planning, life insurance and investments to members of credit unions and their communities.  Credential is a registered mark owned by Aviso Wealth Inc. and used under licence.


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