Registered Disability Savings Plan

Responsibility for the care and welfare of someone with a disability can be challenging emotionally, physically, and financially.  


We’re pleased to provide and support Registered Disability Savings Plans, making your life a little easier.


  • A parent, spouse, or sibling can now be a plan-holder for a disabled adult who lacks the mental capacity to act as the plan-holder. This temporary provision will be in effect until 2016; allowing the provincial and federal governments to harmonize their RDSP regulations over the next four years.
  • Parents of disabled children who have been using a Registered Education Savings Plan (RESP) can now roll the growth in that account over into an RDSP on a tax-free basis.
  • Under certain circumstances, a plan-holder can now withdraw up to 10% of the plan’s fair market value at one time, and there’s now a minimum required withdrawal for certain types of RDSP.

Visit this CRA (Canada Revenue Agency) webpage for more information on the RDSP

Federal Government Releases Q&A Sheet on RDSP Changes

The RDSP Program:

The Registered Disability Savings Plan (RDSP) is a long term savings plan specifically designed to help Canadians with disabilities that are eligible for the Disability Tax Credit.

These investing plans make a HUGE difference for disabled facing big financial obstacles:  Must-know facts about RDSP

  • Friends, family, and individuals can accumulate funds in a RDSP, which grows on a tax-deferred basis and may be eligible to receive the Canada Disability Savings Grant and the Canada Disability Savings Bond.
  • Contributions to a RDSP are not tax deductible.
  • Any withdrawn contributions from the RDSP are not included as income for the beneficiary however any Canada disability savings grant and Canada disability savings bond, and investment income earned in the plan are included in the beneficiary’s income for tax purposes when paid out of the RDSP.  
  • Contributions can be made to a RDSP until the end of the year in which the beneficiary turns 59 years of age.  

Give us a call to set up a RDSP today, to provide tax-deferred investing and long-term financial security for a person with disabilities.

This article contains some very good information on Sources of Disability Income


Here are some websites that provide additional information on RDSPs:   

Canada Revenue Agency

Human Resources and Skills Development Canada

Service Canada