Canada Disability Savings Program Pending Contract Resolution

Background

When Registered Disability Savings Plan (RDSP) contract information is submitted for processing to the Canada Disability Savings Program (CDSP), the contract information must go through multiple levels of validation.

If the information submitted by RDSP issuers does not pass certain levels of validation, the contract is not registered and the status is set to pending.

Pending Contract Resolution

To further assist the financial industry in registering their RDSPs, starting in June, the CDSP will be providing issuers with an Excel report which identifies why the contract is pending. report will contain 4 worksheets:

1. Formatting errors;
2. Business rule errors;
3. Beneficiary information errors; and
4. Holder information errors,

The CDSP will be supplying this information to you through Managed Secure File Transfer (MSFT) on a monthly basis along with your production processing results.

Note

Please note that eligible financial transactions under these contracts should also be resubmitted for processing once a contract is registered by the CDSP.

The CDSP continues to be committed to working with all RDSP issuers on a case-by-case basis to ensure all information is reported accurately and in a timely manner.

Contact Us

Questions on this information bulletin should be directed to the CDSP by e-mail at rdsp-reei@hrsdc-rhdcc.gc.ca or by calling 1-888-276-3632.