Register a disability savings plan - Overview

1. Overview

A registered disability savings plan (RDSP) is a trust arrangement that is registered with the Canada Revenue Agency. Its main purpose is to give financial security to an RDSP beneficiary after they turn 60 years of age.

An eligible person or organization can:

All contributions, rollovers, grants, bonds, and investment earnings grow tax-free while they are in an RDSP. Grants, bonds, rollovers, and investment earnings are included in the beneficiary’s income for tax purposes when withdrawn.

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