What is the RDSP
What is the Registered Disability Savings Plan?
Depending on income and the amount personally contributed to an RDSP, the government will contribute as much as $4,500* each year to a maximum of $90,000 over a person’s lifetime.
Many of our clients contribute $1,500 each year and receive a matching government RDSP Grant contribution of $3,500.
In addition to the Grant, the government will contribute up to $1,000* per year as an RDSP Bond. The Bond is based solely on income. A personal contribution is not needed to collect the Bond.
Confusing? We sit down with each new client to explain how the RDSP works and if it makes sense for you.