Registered Disability Savings Plan (RDSP)

What is the Registered Disability Savings Plan?

The Registered Disability Savings Plan (RDSP) is a long-term savings plan that helps Canadians with disabilities build savings for the future. The government can add money to your plan through a grant and a bond.

Key Information

Who it's for: Canadians who are approved for the Disability Tax Credit (DTC).
Free government money: The government can add a grant (CDSG) and a bond (CDSB) to your plan.
Long-term savings: Designed to build savings for your future financial security.
Grants and bonds: Available up to the end of the year you turn 49.
Opening the plan: You can open an RDSP up to the end of the year you turn 59.

Government Contributions

Once your RDSP is open, the government can add two kinds of money:

Canada Disability Savings Grant (CDSG): The government matches your contributions, up to 300% depending on your income. This can add up to $3,500 a year (or $10,500 a year if you have unused amounts from past years), to a lifetime maximum of $70,000.
Canada Disability Savings Bond (CDSB): If your family net income is less than $57,376, the government adds up to $1,000 a year even if you do not contribute anything, to a lifetime maximum of $20,000.

Quick Facts

Up to 300% Government match on your contributions (CDSG)

$70,000 Lifetime maximum in grants (CDSG)

$1,000/yr Bond with no personal contributions needed (CDSB)

$20,000 Lifetime maximum in bonds (CDSB)

DTC required You must be approved for the Disability Tax Credit

Age 49 Last year to receive grants and bonds

Do You Qualify?

Are you approved for the Disability Tax Credit (DTC)?

Are you a resident of Canada?

Do you have a valid Social Insurance Number (SIN)?

Are you under 60 years old?

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