Notice # 332 - Registered Disability Savings Plan (RDSP) income matching rates for 2019
Official title: Notice # 332 - Registered Disability Savings Plan (RDSP) income matching rates for 2019
Disclaimer: RDSP issuers
The information contained on this page is technical in nature and is intended for Registered Disability Savings Plan (RDSP), Canada Disability Savings Grant (grant) and Canada Disability Savings Bond (bond) issuers. For general information, visit the RDSP section.
Consult this page frequently for newer versions. The following laws and regulations take precedence over information contained in InfoCapsules in the event of discrepancies:
- Income Tax Act
- Canada Disability Savings Act
- Canada Disability Savings Regulations
Information bulletin
Number:
CDSP/PCEI-2018/19-002-332
Date:
December 11, 2018
Subject:
Registered Disability Savings Plan (RDSP) income matching rates
Previous bulletin
This information bulletin updates the information bulletin CDSP/PCEI-2017/18-001-302 dated December 14, 2017.
Purpose
The purpose of this information bulletin is to inform Issuers/Agents of the new RDSP income matching rates for 2019.
2019 Income matching rates
The Canada Revenue Agency has published the 2019 indexation adjustments for personal income tax and benefit amounts. Based on these published amounts, the income matching rates for RDSP for 2019 are as follows:
| $31,120 | “Phase out Income” – The income level above which the annual amount of Canada Disability Savings bond payable begins to decrease. |
| $47,630 | “First threshold” – The income level that, when reached or exceeded, the annual amount of Canada Disability Savings bond payable is nil. |
| $95,259 | “Second threshold” - The income level below which or equal to, the matching grant in the particular year will be 300% of the first $500 in contributions and 200% of the next $1,000 in contributions; or, above which the matching grant will be 100% of the first $1,000 in contributions. |
These income levels will be used when processing all transactions dated January 1, 2019 or later.
Current and previous years
The following table lists the threshold matching amounts for the current year and the previous 10 years, where carry forward payments of the Canada Disability Savings grant and bond may be made:
| Year | Phase out Income amounts | First threshold amounts | Second threshold amounts |
|---|---|---|---|
| 2019 | $31,120 | $47,630 | $95,259 |
| 2018 | $30,450 | $46,605 | $93,208 |
| 2017 | $30,000 | $45,916 | $91,831 |
| 2016 | $26,364 | $45,282 | $90,563 |
| 2015 | $26,021 | $44,701 | $89,401 |
| 2014 | $25,584 | $43,953 | $87,907 |
| 2013 | $25,356 | $43,561 | $87,123 |
| 2012 | $24,863 | $42,707 | $85,414 |
| 2011 | $24,183 | $41,544 | $83,088 |
| 2010 | $23,855 | $40,970 | $81,941 |
| 2009 | $23,710 | $40,726 | $81,452 |
Updated RDSP issuer resources
Due to the above changes, RDSP issuer resources will be updated on Canada.ca/RDSPresources to reflect these changes in the near future.
Contact us
If you have any questions regarding this information bulletin, please contact us by email at rdsp-reei@hrsdc-rhdcc.gc.ca or call at 1-866-204-0357. Our hours of operation are from 8 a.m. to 5 p.m. Eastern Time.
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