Registered Disability Savings Plan

Plan for the financial well-being of a loved one with disability.

What Is A RDSP?

A Registered Disability Savings Plan (RDSP) is a government program designed for Canadian residents under 60, living with disabilities, receiving the Disability Tax Credit, and who hold a valid social insurance number. A parent or guardian can open an RDSP on behalf of a person with a disability if needed.

An RDSP is a matched savings plan with a $200,000 maximum lifetime contribution limit with no yearly minimum or maximum contribution. All funds in the plan are tax-sheltered and are not impacted by federal or most provincial social benefits. Through Canada Disability Savings Grants, the Government of Canada may contribute up to $3 for every $1 you put into the fund up to $70,000. This grant is based on contribution and annual income.

Benefits Of A RDSP?

Tax-Sheltered Growth

Income earned from the RDSP grows on a tax-sheltered status until funds are withdrawn, after which they are taxed as income. 

Get Government Contribution

Access thousands of dollars in government grants from the Canada Disability Savings Grant (CDSG) and the Canada Disability Savings Bond (CDSB) to a lifetime maximum of $90,000.

No Annual Maximum

Contributions can be up to a lifetime limit of $200,000 and can be made up until the end of the beneficiary’s 59th year.

Canada Disability Savings Bond

Canada Disability Savings Bond is another way for the federal government to contribute money to your RDSP. Bonds of up to $1,000 will be paid a year to low-income Canadians with disabilities.

The lifetime bond limit is $20,000 and it can be paid into an RDSP until the year in which the beneficiary turns 49. The amount of Disability Savings Grant you receive depends on your income tax returns for the previous two years.

  • For a minor, the grant is calculated on their family’s net-adjusted income.

  • For an adult, the grant is based upon the beneficiary’s personal net-adjusted income (even if they live with their parents). If the beneficiary has a spouse, it is their family net-adjusted income.

What Investment Products Can I Put In A RDSP?

Your RDSP can contain the following investment products and accounts, where you pay no tax on interest earned, income, dividend, or withdrawals:

  • Guaranteed investment certificates (GICs)

  • Cash (Investment Account*)

  • Mutual funds

  • Treasury bills

  • Bonds

  • Equities

  • Exchange traded funds

  • High-interest savings account

How Do I Invest In A RDSP?

Personalized Advice

Our dedicated wealth advisors will provide personalized financial plans to keep your financial goals on track. Book an appointment online, by phone, or in-person at a branch.

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Mutual Funds & RDSP

Consider a mutual fund for your RDSP. No matter where you are in your journey, we provide access to a diverse group of mutual funds through Credential Asset Management Inc. that can help you match your savings goals.

Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Online brokerage services are offered through Qtrade Direct Investing, a division of Credential Qtrade Securities Inc. Qtrade and Qtrade Direct Investing are trade names and trademarks of Aviso Wealth. Qtrade Guided Portfolios is a trade name of Credential Qtrade Securities Inc. Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Credential Qtrade Securities Inc. (including Credential Securities, Qtrade Direct Investing, Qtrade Advisor, Qtrade Guided Portfolios and Aviso Correspondent Partners), Credential Asset Management Inc., Credential Insurance Services Inc., Credential Financial Strategies Inc., and Northwest & Ethical Investments L.P.

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