Registered Disability Savings Plan

Do you or a loved one have a disability? A Registered Disability Savings Plan (RDSP) could be your pathway to a financially secure future. An RDSP is a tax-sheltered savings plan, with no annual contribution limit. The savings through the plan can be used to pay for your long-term financial needs, such as medical or home care costs.

The biggest advantage of the RDSP is that by having one, you could be elilgible to receive up to $90,000 in government contributions through two financail programs:

Who can open an RDSP?

You can open an RDSP if you are:
  • A parent or legal guardian of the beneficiary (or another individual who is legally authorized to act for the beneficiary)
  • A public department, agency, or institution that is legally authorized to act on behalf of the beneficiary

Who can become a beneficiary of an RDSP?

To be eligible of an RDSP, an indiviadual must must:
  • Be eligible for the disability tax credit (DTC)
  • Have a valid Social Insurance Number
  • Be a resident of Canada
  • Be under the age of 60