Canada Disability Savings Program

From Employment and Social Development Canada

The Registered Disability Savings Plan (RDSP) was introduced in 2008 to help people with disabilities improve their long-term financial security by providing a tool to encourage them and their families save for the future. Complementary to the RDSP, the Canada Disability Savings Grants and Canada Disability Savings Bonds provide additional support to encourage savings.

Canadian residents with a Social Insurance Number who are eligible for the federal Disability Tax Credit can open an RDSP until the end of the calendar year in which they reach 59 years of age. Once an RDSP is opened, the beneficiary may receive grants and bonds until the end of the calendar year in which the beneficiary reaches 49 years of age.

Assets held in and payments received from RDSPs will not affect the eligibility for federal benefits, such as the Canada Child Benefit, the Goods and Services Tax/Harmonized Sales Tax Credit, Old Age Security and Employment Insurance.

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