Thanks to the Registered Disability Savings Plan (RDSP), eligible Canadians can receive up to $90,000 in government assistance. RDSP’s can provide long-term, tax-sheltered savings option for Canadians with disabilities, and is the only savings option that gives you access to:

 

• The Canada Disability Savings Grant – a matching grant of up to 300%
• The Canada Disability Savings Bond – receive up to $1,000 a year
• A $150 RDSP contribution from Endowment 150 through Vancouver Foundation

RDSP Advantages

• Earnings can accumulate tax-deferred until money is withdrawn
• No annual contribution limit (lifetime limit is $200,000)
• No impact on other government tax and disability benefits for B.C. beneficiaries
• Contributions can be made by the beneficiary or on their behalf
• Parents and grandparents can transfer RRSP/ RRIF savings when they pass away
• Eligible recipients can claim Grant and Bond money for past years going back to 2008

Support in applying for RDSPs

Completing the RDSP and Disability Tax Credit applications can be a challenging process, and we are here to help you with the process. Call us to book your appointment and we can assist you in the following areas:

 

• Eligibility assessment for the RDSP;
• RDSP Qualification Filings;
• Tax credit and benefits review; or
• RDSP account opening support.

If you don’t currently have the Disability Tax Credit, you can start by completing the online assessment.