InfoCapsule 14: Payment rules and limits

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 (CDSG) and Canada Disability Savings Bond (CDSB) 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

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the amount of disability assistance payment (DAP) or lifetime disability assistance payment (LDAP) that can or must be withdrawn from a Registered Disability Savings Plan (RDSP) in a calendar year.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 FMVFootnote 2
    • LDAP
    • DAP and LDAP
      • Minimum: $1
      • Maximum: greater of the formula result and 10% of the RDSP FMVFootnote 2
  2. Beneficiary aged 60 and over

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

  1. Beneficiary aged 59 or less
    • DAP
      • Minimum: none
      • Maximum: none
    • LDAP
    • DAP and LDAP
      • Minimum: $1
      • Maximum: none
  2. Beneficiary aged 60 and over

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
    • DAP and LDAP

Specified Disability Savings Plan (SDSP)

  • (DAP or LDAP) or (DAP and LDAP)
    • Minimum: formula resultFootnote 1
    • Maximum: $10,000 in taxable amount or no maximum if formula results in taxable amount greater than $10,000
Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: