Income Matching Rates for 2012
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
Official Title: Registered Disability Savings Plan (RDSP) Income Matching Rates for 2012
Information Bulletin
- Number:
- CDSP/ PCEI -2011/12-005-078
- Date:
- December 23, 2011
- Subjet:
- Notice #078 - Registered Disability Savings Plan (RDSP) Income Matching Rates for 2012
Purpose
New Registered Disability Savings Plan (RDSP) Income Matching Rates for 2012
2012 Income matching rates
The Canada Revenue Agency recently published 2012 indexation adjustments for personal income tax and benefit amounts. Based on these published amounts, the income matching rates for Registered Disability Savings Plans (RDSP) for 2012 are as follows:
“phase out income” – refers to the income level above which the annual amount of Canada Disability Savings Bond payable begins to decrease: $24,863
“first threshold” – refers to the income level that, when reached or exceeded, the annual amount of Canada Disability Savings Bond payable is nil: $42,707
“second threshold” – refers to the income level below which or equal to, the matching grant in a 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: $85,414
These income levels will be used when processing all transactions dated January 1, 2012 or later.
Current and previous years
The following table lists the threshold matching amounts for all years in which RDSPs were available:
| “phase out income” | “first threshold” | “second threshold” | |
|---|---|---|---|
|
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 |
| 2008 | $21,287 | $37,885 | $75,769 |
Contact Us
Please contact us with any questions you may have by e-mail at rdsp-reei@hrsdc-rhdcc.gc.ca or by phone at 1-888-276-3632.