A Registered Disability Savings Plan (RDSP) is intended to assist eligible Canadians with disabilities and their families in saving for the long-term financial security of the person with a disability. This unique savings program allows savings to grow in a tax-deferred environment. A RDSP is also eligible to receive government assistance in the form of grants totaling up to $70,000 and bonds totaling up to $20,000.

There is no annual contribution limit, but there is a lifetime limit of $200,000 for total contributions. Contributions can be made up until the end of the year the beneficiary turns 59. Investment income and capital gains remain tax-deferred while in the RDSP. Contributions are not tax-deductible.

To qualify for an RDSP:

  • Be eligible for the disability tax credit.
  • Be a resident of Canada when the plan is opened and when each contribution is made to the plan; and
  • Be under age 60 when the plan is opened, since contributions cannot be accepted after the end of the year the beneficiary turns 59; and
  • Have a Social Insurance Number (SIN);


Contributions may be eligible for the Canada Disability Savings Grant (CDSG), which provides matching contributions of up to $3,500 annually until the end of the year the beneficiary turns 49 ($70,000 lifetime limit).

Your annual RDSP contributions may qualify for matching grants based on the amount contributed and your total family income.


Family Net Income* Contributions Grant Maximum
$90,563 or less On the first $500 $3 for every $1 contributed $1,500
  On the next $1,000 $2 for every $1 contributed $2,000
Greater than $90,563 (or no income tax return)

On the first $1,000

$1 for every $1 contributed $1,000





Government Incentives In Detail


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