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Savings & Retirement

Registered Disability Savings Plan (RDSP)

A unique tool to build sustainable financial security.

Open an RDSP
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What is the RDSP?

The RDSP is a registered savings plan created by the Canadian government. It is specifically designed to ensure the long-term financial security of a person living with a disability.

Tax-Sheltered Growth

Investment income (interest, dividends, capital gains) accumulates tax-free as long as it remains in the plan.

Contributions

Unlike an RRSP, contributions are not tax-deductible from taxable income.

What is the DTC?

It is a non-refundable tax credit for persons with a severe and prolonged impairment. It aims to offset the extra costs related to the impairment.

Eligibility Criteria

To be designated as a beneficiary, these 4 criteria must be met:

  • Qualify for the Disability Tax Credit (DTC).
  • Be a Canadian resident.
  • Be under 60 years of age (contributions possible until age 59).
  • Possess a valid Social Insurance Number (SIN).
Lifetime Limit

$200,000

Annual Limit

No limit

Deadline
End of the year of the 59th birthday
Who contributes?
Anyone (with written permission).
Max. 90 000 $

Government Grants

Access up to $90,000 in lifetime assistance.

Canada Savings Grant (CDSG)

Max. $70,000 Lifetime

  • The government matches up to 300% of your contributions (depending on family income).
  • Up to $3,500 / year

Canada Savings Bond (CDSB)

Max. $20,000 Lifetime

  • For low-income families. No personal contribution required.
  • Up to $1,000 / year

Why choose the RDSP?

Financial Security

Peace of mind for the beneficiary's future.

No Social Impact

Does not affect federal benefits (GIS, OAS, Social Assistance, etc.).

Flexible Use

Money can be used for care, home help, or other needs.

Eligible Investment Types

  • Mutual funds and segregated funds
  • Guaranteed Investment Certificates (GICs)
  • Publicly traded stocks
  • Exchange Traded Funds (ETFs)
  • Bonds

Frequently Asked Questions

The beneficiary (if of age and capable), a legal parent, or guardian. Until 2026, a spouse or sibling can also open one for an adult whose capacity is in doubt.

It is the proportional repayment rule. If you withdraw funds, grants and bonds received in the preceding 10 years must be repaid to the government.

CDSG and CDSB are paid until the end of the year of the 49th birthday. Maximizing contributions before this age is recommended.

Original contributions are not taxable. Only grants, bonds, and investment income (growth) are taxable in the year of withdrawal.

If DTC eligibility is lost before age 60 and the plan is closed, grants from the last 10 years must be repaid.

The RDSP can hold a variety of investments: Mutual funds, segregated funds, GICs (Guaranteed Investment Certificates), publicly traded stocks, ETFs (Exchange Traded Funds), and bonds.

The Disability Tax Credit (DTC) is a non-refundable tax credit for persons with a severe and prolonged impairment in physical or mental functions. It is mandatory to open an RDSP.

Ready to secure the future?

Our experts guide you through the complex RDSP rules to maximize your benefits.

Open an RDSP