A Registered Disability Savings Plan (RDSP) is a tax-sheltered savings plan to help provide for the long term financial security of Canadians who are eligible for the Disability Tax Credit (DTC).
Features and benefits of an RDSP:
Note: Getting your own money back is tax-free, however, withdrawing 1) bonds and 2) grants and investment growth is taxed.
To be eligible for the RDSP, you must be:
In addition, a doctor or nurse practitioner must verify a severe and prolonged impairement to physical or mental functions.
Have your contibutions matched by 300%, 200% or 100% with the Canadian Disability Savings Grant (CDSG).
Take advantage of the Canadian Disability Savings Bond (CDSB) and recieve up to $1000 a year, depending on the Beneficiary's adjusted family net income.