Registered Disability Savings Plan

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A Registered Disability Savings Plan (RDSP) is a tax-deferred savings account to assist parents and caregivers with saving for the long-term financial security of a disabled person.

Canadian residents under 60 years of age and eligible for the Disability Tax Credit (DTC) can have an RDSP established.

RDSPs offer the following benefits:

  • Matched contributions – The federal government will match contributions, up to a specified amount, to the RDSP with the Canada Disability Savings Grant.
  • Tax-exempt income – Earnings generated within your RDSP are tax-exempt until withdrawn from the account.
  • Anyone can contribute – Anyone can contribute to a RDSP with the written permission of the plan holder.

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