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Registered Disability Savings Plan (RDSP)
Personal Investing

Registered Disability Savings Plan (RDSP)

A savings plan designed specifically for people living with disabilities in Canada. 

A long-term savings plan to help families save for the future 

RDSPs are intended to assist parents and others in planning for the long-term financial security of their relatives and others with disabilities that are eligible for the Disability Tax Credit.  Similar to other registered plans, RDSPs are tax sheltered so more money stays with the plan holder. 

Here’s how it works 

You can open an RDSP and be the plan holder if you are:  

  • A person with a disability who 19 and older and has the capacity to manage their own finances 
  • The legal parent of a child with a disability under the age of 19  
  • A legal guardian who is authorized to act on behalf of a person with a disability  

A person may be designated as a beneficiary if they meet the following requirements:  

  • Eligible for the Disability Tax Credit  
  • Have a valid Social Insurance Number  
  • Must be a resident of Canada  
  • Under the age of 60
  • Can only have one RDSP at any time 

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You could qualify for grants and bonds 

The Federal Government will match your contributions with Canada Disability Savings Grants up to $70,000. Low-income families may also qualify for additional help up to $20,000 in Canada Disability Savings Bonds.  

Canada disability savings grant 
A matching grant that the Government will match up to 300% depending on the beneficiary's income and contribution.  

Canada disability savings bond 
Dependent upon the beneficiary’s income, the Government will provide a bond of up to $1,000 per year.  

Explore all registered plans

Tax-Free Savings Account (TFSA)

Save for short-term and long-term expenses, with no tax on withdrawals.

View details

Registered Education Savings Plan (RESP)

Fund a child’s educational dreams, with government grants.

View details

Registered Retirement Savings Plan (RRSP)

Save for the lifestyle you want in retirement, with tax advantages.

View details

Registered Retirement Income Fund (RRIF)

Start spending savings in retirement by turning your RRSP into a RRIF.

View details

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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer which insures deposits in credit unions. Mutual funds and related financial planning services are offered through Qtrade Asset Management (a tradename of Credential Asset Management Inc). Mutual funds, other securities and financial planning services are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Credential Securities is a registered mark owned by Aviso Wealth Inc.