Registered Disability Savings Plan

A Registered Disability Savings Plan (RDSP) is a long-term savings plan designed specifically for people with disabilities in Canada.

This tax-deferred savings plan is 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 (DTC). 

Click here to read Your Guide to Understanding RDSPs.




Tax-sheltered savings for future disability income

  • Up to $200,000 can be invested on behalf of the beneficiary. 
  • For every $1 put into an RDSP account, the federal government can (if your family income is below $87,123) match with up to $3 through the Canada Disability Savings Grant.
  • For people living on a low-income (less than $25,356), the federal government will put in $1000 each year for 20 years through the Canada Disability Savings Bond.
  • People living on an income between $25,356 – $43,561 may be eligible to receive a partial bond.

Provincial disability benefits unaffected 

  • There is no impact to the Beneficiaries’ federal benefits including Canada Child Tax Benefit, Goods and Services Tax Credit, Old Age Security or Employment Insurance.


Who can contribute?

  • Anyone, including family, friends and neighbors, with the written permission of the contract holder.  The Beneficiary must be a resident of Canada. 

What is the contribution limit?

  • There is no annual contribution limit but the lifetime contribution limit is $200,000.  Contributions are not tax deductible.
  • Contributions are permitted until the end of the calendar year in which the Beneficiary turns 59.


Learn More

Visit The Government of Canada information site for more details, including a savings calculator and informational videos.

Click here to read more about the RDSP.