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, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.


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