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Registered Disability Savings Plan (RDSP)

Quick facts

Main feature: enhance financial security for yourself or your loved ones with severe and prolonged disabilities
Maximum contribution: lifetime limit of $200,000 per beneficiary
Contributions may qualify beneficiary for:
- a Canada Disability Savings Grant (CDSG) of up to $3,500 per year and a lifetime maximum of $70,000
- a Canada Disability Savings Bond (CDSB) of up to $1,000 per year and a lifetime maximum of $20,000, with no contributions

The beneficiary of a RDSP must:

be eligible for the Disability Tax Credit based on the Canada Revenue Agency's criteria
have a valid social insurance number (SIN)
be under the age of 60
be a resident of Canada


Investment options	Guaranteed fixed-rate investments Market-linked guaranteed investments RDSP Regular Savings Account

Deposit amount and frequency	Periodic payments of $100 Minimum payment frequency: monthly Since earnings grow tax-free, it is best to invest at the beginning of the year.

Beneficiaries	The plan must have only one beneficiary, who meets the conditions mentioned in the Who should get this investment? section, and this beneficiary may only have a single plan at any one time.

Other	Contributions may qualify beneficiary for: a Canada Disability Savings Grant (CDSG) a Canada Disability Savings Bond (CDSB) CDSG and CDSB amounts depend on the beneficiary's net family income.