Registered Disability Savings Plan (RDSP)

What is an RDSP?

A Registered Disability Savings Plan (RDSP) is a government program designed to help Canadian residents under the age of 60 who are living with disabilities save for future financial needs. As long as the beneficiary of the plan holds a valid social insurance number, and is entitled to receive the Disability Tax Credit, they can open an RDSP. A parent or guardian can also open up an RDSP on behalf a person with a disability, if needed.

The federal government will match your RDSP contributions through the Canada Disability Savings Grant (CDSG) and the Canadian Disability Savings Bond (CDSB), providing an exceptional return on your investment. An RDSP has a $200,000 maximum lifetime contribution limit, with no yearly minimum or maximum requirements. Through the CDSG, the Government of Canada may contribute up to $3 for every $1 you put into the fund up to a maximum of $70,000. In addition, through the CDSB, the federal government will contribute up to $1,000 annually for 20 years to a lifetime maximum of $20,000.

Try your own numbers, and see how much your money can grow, using the Government of Canada’s RDSP savings calculator.

RDSP options

Our RDSPs are available in a variety of savings vehicles, including variable savings, GICs, and mutual funds*.