Registered Disability Savings plan (RDSP)

The Registered Disability Savings Plan (RDSP) was created to help provide longer-term financial security to someone whose severe and prolonged physical or mental impairment (subject to approval by the Canada Revenue Agency) qualifies them for the Disability Tax Credit (DTC).


  • RDSPs offer a choice of investment vehicles, including savings accounts, guaranteed investment certificates and mutual funds*
  • anyone can contribute to the RDSP, including family, friends and others
  • the RDSP is exempt from most provincial disability and income assistance benefits, doesn't get clawed back won't reduce disability benefits payments
  • although contributions are not tax-deductible, all investment income generated in the RDSP is tax-sheltered as long as it remains in the plan, less taxes are paid
  • eligible Canadians can qualify for a Canada Disability Savings Grant and receive $3 for every $1 they place in their RDSP account, to a maximum of $3,500 each year, with a lifetime limit of $70,000; grants are paid into the RDSP until the end of the calendar year in which the recipient turns 49 years of age
  • low-income and modest-income Canadians may also qualify for the Canada Disability Savings Bond without contributing to the RDSP and receive up to $1,000 a year in addition to the Grant; there is a lifetime limit of $20,000 and bonds are paid into the RDSP until the end of the calendar year in which the recipient turns 49 years of age
  • RDSP investment options include mutual funds* only 

To learn more or to open a RDSP, please contact a Credential Asset Management Inc. Investment advisor at ACU.

*Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.

®Credential is a registered mark owned by Aviso Wealth Inc.


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