Notice #266 – Registered Disability Savings Plan (RDSP) income matching rates for 2017
Official title: Notice #266 – RDSP income matching rates for 2017
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-2016/17-002-266
- Date:
- December 22, 2016
- Subject:
- Registered Disability Savings Plan (RDSP) income matching rates for 2017
Previous bulletin
This information bulletin updates the information bulletin CDSP/PCEI-2015/2016-004-234 dated January 5, 2016.
Purpose
The purpose of this information bulletin is to inform issuers of the new RDSP income matching rates for 2017.
2017 Income matching rates
The Canada Revenue Agency has published the 2017 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 2017 are as follows:
| $30,000 | “Phase out income” – The income level above which the annual amount of Canada Disability Savings Bond payable begins to decrease. |
| $45,916 | “First threshold” – The income level that, when reached or exceeded, the annual amount of Canada Disability Savings Bond payable is nil. |
| $91,831 | “Second threshold” – 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. |
These income levels will be used when processing all transactions dated January 1, 2017 or later.
Current and previous years
The following table lists the threshold matching amounts for all years in which RDSPs have been available:
| Phase out income | First threshold | Second threshold | |
|---|---|---|---|
| 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 |
| 2008 | $21,287 | $37,855 | $75,769 |
Updated RDSP issuer resources
Due to the above changes, RDSP issuer resources will be updated on Canada.ca/RDSPresources in the near future.
Contact us
Should you have any questions regarding this Information Bulletin, please contact us by email at rdsp-reei@hrsdc-rhdcc.gc.ca or call 1-866-204-0357. Our hours of operation are from 8 a.m. to 5 p.m. Eastern Standard Time.
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