Registered Disability Savings Plan (RDSP)

Building peace of mind and a secure financial future for Canadians with disabilities and their families.

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*.

RDSP Variable Savings

Choose a variable-rate option for your monthly contributions and earn interest immediately.

Features

Earn interest right from dollar one with highly competitive interest rates
Interest calculated on minimum daily balance and paid annually on December 31
100% deposit guarantee by the Deposit Guarantee Corporation of Manitoba
Tiered interest rates start at $100,000 and are paid on the entire balance

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RDSP & GICs

Choose a term length that works for you and earn a guaranteed rate of return.

Features

Choose from convenient 1 to 5-year terms with a minimum investment of $500
Interest is paid annually and is compounded (added to the GIC)
100% deposit guarantee by the Deposit Guarantee Corporation of Manitoba

Tiered interest rates start at $100,000 and are paid on the entire balance.

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RDSP & Mutual Funds

Choose from a broad assortment of professionally managed mutual funds for your RDSP.

Features

Mutual funds are a good way to diversify your savings portfolio and you can benefit from our knowledgeable advisors and professional investment management to meet your financial goals.

Diversification for a balanced portfolio that’s custom tailored to your needs and risk tolerance
Convenient and simple way to invest in a variety of securities
Professionally managed funds strategically evaluated by a team of specialists

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RDSP Benefits

Access government bonds and grants

Access funds through the Canada Disability Savings Grant and the Canada Disability Savings Bond to increase your savings.

Tax-sheltered growth

All funds in the plan are tax-sheltered. Save for the future without paying tax on the earnings.

Full flexibility

There are no restrictions on how the funds are used. Use the funds from your RDSP in any way that best serves your needs.

Eligibility unaffected

Provincial and federal disability benefits are unaffected. Income payments from RDSPs don’t affect Old Age Security, Guaranteed Income Supplement, and the Canada Pension Plan, and in Manitoba, the provincial government fully exempts income from an RDSP when determining eligibility for social assistance programs.

100% Deposit Guarantee

All your credit union deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

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Protect your loved ones, save taxes, and ensure your legacy is secure.

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No matter where you are in your journey, we can all benefit from working with a wealth advisor.

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*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.

Registered Disability Savings Plan (RDSP)

Building peace of mind and a secure financial future for Canadians with disabilities and their families.

What is an RDSP?

RDSP options

RDSP Variable Savings

RDSP & GICs

RDSP & Mutual Funds

RDSP Benefits

Access government bonds and grants

Tax-sheltered growth

Full flexibility

Eligibility unaffected

100% Deposit Guarantee

Interested in exploring an RDSP?

Good financial habits start early

Estate planning: plan early and review often

Start the conversation and secure your future