Notice # 402 - Registered Disability Savings Plan (RDSP) income matching rates for 2021
Official Title: Notice # 402 - Registered Disability Savings Plan (RDSP) income matching rates for 2021
Information Bulletin
- Number:
- CDSP/PCEI-2020/21-001-402
- Date:
- January 19, 2021
- Subject:
- RDSP income matching rates for 2021
Previous bulletin
This information bulletin updates the information bulletin PCEI/CDSP-2019/20-002-366 dated December 11, 2019.
Purpose
The purpose of this information bulletin is to inform Issuers/Agents of the new RDSP income matching rates for 2021
2021 Income matching rates
The Canada Revenue Agency has published the 2021 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 2021 are as follows:
Amount | Income level |
---|---|
$32,028 | “Phase out Income”: The income level above which the annual amount of Canada Disability Savings bond payable begins to decrease |
$49,020 | “First threshold”: The income level that, when reached or exceeded, the annual amount of Canada Disability Savings bond payable is nil |
$98,040 | “Second threshold”: The income level below which or equal to, the matching grant in the 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, 2021 or later.
Current and previous years
The following table lists the threshold matching amounts for the current year and the previous 10 years, where carry forward payments of the Canada Disability Savings grant and bond may be made:
Year | Phase out Income | First threshold | Second threshold |
---|---|---|---|
2021 | $32,028 | $49,020 | $98,040 |
2020 | $31,711 | $48,535 | $97,069 |
2019 | $31,120 | $47,630 | $95,259 |
2018 | $30,450 | $46,605 | $93,208 |
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 |
Updated RDSP issuer resources
Due to the above changes, RDSP issuer resources will be updated on Canada.ca/RDSPresources to reflect these changes in the near future.
Contact us
For questions regarding this information bulletin, please contact us by e-mail at rdsp-reei@hrsdc-rhdcc.gc.ca or call at 1-866-204-0357. Our hours of operation are from 8 am to 5 pm Eastern Time.
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