InfoCapsule 14: Payment rules and limits

Details

Outlined below are the payment rules and limits established to determine the amount of disability assistance payment (DAP) or lifetime disability assistance payment (LDAP) that can or must be withdrawn from a Registered Disability Savings Plan (RDSP) in a calendar year.

For an RDSP in a regular year in a primarily government assisted plan (PGAP)

1. Beneficiary aged 59 or less
   • DAP
     • Minimum: none
     • Maximum: greater of the formula result and 10% of the RDSP FMV^{Footnote 2}
   • LDAP
     • Minimum: $1
     • Maximum: formula result^{Footnote 1}
   • DAP and LDAP
     • Minimum: $1
     • Maximum: greater of the formula result and 10% of the RDSP FMV^{Footnote 2}
2. Beneficiary aged 60 and over
   • LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: formula result^{Footnote 1}
   • DAP and LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: greater of the formula result and 10% of the RDSP FMV^{Footnote 2}

For an RDSP in a regular year in a non-PGAP

1. Beneficiary aged 59 or less
   • DAP
     • Minimum: none
     • Maximum: none
   • LDAP
     • Minimum: $1
     • Maximum: formula result^{Footnote 1}
   • DAP and LDAP
     • Minimum: $1
     • Maximum: none
2. Beneficiary aged 60 and over
   • LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: formula result^{Footnote 1}
   • DAP and LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: none

For a beneficiary with a shortened life expectancy

RDSP in a specified year

1. Beneficiary aged 59 or less
   • DAP
     • Minimum: none
     • Maximum: none
   • LDAP
     • Minimum: $1
     • Maximum: none
   • DAP and LDAP
     • Minimum: $1
     • Maximum: none
2. Beneficiary aged 60 and over
   • LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: none
   • DAP and LDAP
     • Minimum: formula result^{Footnote 1}
     • Maximum: none

Specified Disability Savings Plan (SDSP)

• (DAP or LDAP) or (DAP and LDAP)
  • Minimum: formula result^{Footnote 1}
  • Maximum: $10,000 in taxable amount or no maximum if formula results in taxable amount greater than $10,000