Registered Disability Savings Plan (RDSP)
About This Program
The Registered Disability Savings Plan is a long-term savings plan to help Canadians with disabilities and their families save for the future. The government provides matching Canada Disability Savings Grants of up to $3,500 per year (up to a $70,000 lifetime limit) and Canada Disability Savings Bonds of up to $1,000 per year (up to a $20,000 lifetime limit) for low-income beneficiaries, without requiring personal contributions. The plan must be opened before the beneficiary turns 60, and grants/bonds are paid until the end of the year they turn 49.
Am I Eligible?
To qualify for this program, you generally need to meet all of the following requirements:
- You must be under 60 years of age
- Your disability status must be approved for the Disability Tax Credit (DTC)
- Your citizenship status must be one of: Canadian citizen, permanent resident
How to Apply
Applications for this program are handled directly by the Government of Canada. Visit the official program page for application forms, required documents, and processing times.
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