If you lose Disability Tax Credit approval

On this page

• When the beneficiary does not have DTC approval
• Making withdrawals without DTC approval
• If the beneficiary regains DTC approval

When the beneficiary does not have DTC approval

Starting in 2021, if a beneficiary loses approval for the Disability Tax Credit (DTC), their plan will remain open. However, during this time:

• no one can make contributions to the plan
• they cannot receive grants or bonds
• they cannot catch up on grants or bonds from this period
• registered retirement savings can only be rolled over into the plan within 4 years after the year in which the beneficiary loses DTC approval

You do not have to repay the grants and bonds that are in the plan solely due to the loss of DTC approval.

Making withdrawals without DTC approval

Money from the plan can still be withdrawn at the request of the holder. Withdrawals may still be subject to repayment depending on your age and when you lost DTC approval.

If the beneficiary regains DTC approval

If the beneficiary regains DTC approval, the plan will operate normally and contributions can be made.