What is the RDSP Calculator?
The Reegan Financial RDSP Calculator takes you through a few easy-to-follow steps where you enter the information needed to run your numbers. It then shows you the maximum amount you can expect from the government each calendar year and the amounts you need to contribute.
Our goal was to answer three core questions, no matter what level of knowledge you have about the RDSP.
- How much can I expect the government to contribute to my (or my child’s) RDSP?
- How much do I need to contribute to maximize the available government contributions?
- When can I withdraw money from my RDSP without government penalties?
The calculator does not replace the need for professional advice, but it does act as a gateway. Understanding your own numbers, the amounts you could expect should help you decide whether you want to open an account or not.
There is no cost to use the calculator and you are not asked for sensitive personal information.
What is the RDSP?
Over a lifetime, the government will contribute up to $90,000.