Registered Disability Savings Plan

The Registered Disability Savings Plan (RDSP) was established to help parents and others save for the long-term financial security of a disabled person (one who qualitifes for the Disability Tax Credit)
  • the beneficiary is the person with the  disability who will recieve the money
  • the plan holder is the person who opened & manages the RDSP.  The beneficiary can also be the plan holder
  • there is no annual limit on contributions
  • the lifetime contribution limit is $200,000
  • contributions can be made to the plan until the beneficiary turns 59
  • contributions are not tax deductible, but savings grow tax free.  Investment earnings are not taxed as long as they stay in the plan
  • until age 49,  the beneficiary may be eligible for government contributions to the RDSP under the Canada Disability Savings Grant & Canada Disability Savings Bond
  • RDSP savings can be held in a variety of investment products
  • the beneficiary must start taking regular payments from the plan by age 60
  • other Federal government benefits are not impacted (ie; child tax credit, CCP or OAS)
For more information, please contact:Lyle Worobec

Registered Disability Savings Plans are Federally Regulated savings plans designed to provide for the long term financial security for Canadians with disabilities.
In addition to contributions, the added benefit of government grants and bonds combined with tax deferred growth, make RDSP's a very powerful investment tool.

For more information on RDSP's, what disabilities may qualify, or samples of medical conditions that may make you eligible, please contact our branch or click here.

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