RDSP
Registered Disability Savings Plan
Embedded Files
Many Canadians living with disabilities are missing out on a financial opportunity available through the Government of Canada that will offer a more secure financial future, the Registered Disability Savings Plan (RDSP).
Click the link below to download our RDSP brochure:
Click the link below to download our RDSP brochure:
The government of Canada created the RDSP (Registered Disability Savings Plan) in 2008 as a savings plan to help parents and others save for the long-term for a person who is eligible for the Disability Tax Credit. It allows for contributions to be made to the plan until age 59 up to a maximum $200,000. While the contributions are not tax deductible, any growth within the plan grows on a tax-deferred basis. Original contributions aren't taxable on withdrawal but income or grants withdrawn are.
RDSP Rules - You must meet 4 criteria in order to qualify for an RDSP
Eligible for the Disability Tax Credit
Canadian Resident
Less than 60 years of age
Possess a valid Social Insurance Number (SIN)
Government of Canada Grants & Bonds :
Canada Disability Savings Grant (CDSG):
The beneficiary of the plan is eligible for government grants known as CDSG (Canada Disability Savings Grant) within the plan up to age 49. The lifetime limit of government contributions is $70,000..
Canada Disability Savings Bond (CDSB):
Lower income families who have dependents with disabilities may also also qualify for the Canada Disability Savings Bond (CDSB) which can pay up to $1,000 per year up to a lifetime maximum of $20,000 per beneficiary.
CLICK ON THE GOVERNMENT PROGRAM ABOVE FOR MORE DETAILS VIA THEIR WEBSITE
 Let Querencia Wealth help you to learn more to save for the future as a Canadian living with disabilities.
Page updated
Google Sites
Report abuse