Notice #433 – Registered Disability Savings Plan (RDSP) income matching rates for 2022
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- Information bulletin
- Previous bulletin
- Purpose
- 2022 income matching rates
- Current and previous years
- Updated RDSP issuer resources
- Contact us
Information bulletin
Number: CDSP/PCEI-2021/22-002-433
Date: December 06, 2021
Subject: Registered Disability Savings Plan (RDSP) income matching rates for 2022
Previous bulletin
This information bulletin updates the information bulletin CDSP/PCEI-2020/21-001-402 dated January 19, 2021.
Purpose
The purpose of this information bulletin is to inform Issuers/Agents of the new RDSP income matching rates for 2022.
2022 income matching rates
The Canada Revenue Agency has published the 2022 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 2022 are as follows:
| Income level | Income matching rate definition |
|---|---|
| $32,797 | “Phase out income”: the income level above which the annual amount of Canada Disability Savings bond payable begins to decrease. |
| $50,197 | “First threshold”: The income level that, when reached or exceeded, the annual amount of Canada Disability Savings bond payable is nil. |
| $100,392 | “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, 2022 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 |
|---|---|---|---|
| 2022 | $32,797 | $50,197 | $100,392 |
| 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
If you have any questions regarding this notice, please contact us:
- by using our online contact page
- by e-mail at rdsp-reei@hrsdc-rhdcc.gc.ca
- by phone at 1-866-204-0357
Our business hours are from 8 a.m. to 5 p.m., Eastern Time.
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