RDSP Guide
Up to $3,500/year in government matching
Government Contributions
- Canada Disability Savings Grant (CDSG): Up to $3,500/year in matching grants (300% match on first $500, then 200% on next $1,000)
- Canada Disability Savings Bond (CDSB): Up to $1,000/year for low-income (no personal contribution needed)
- Lifetime grant limit: $70,000
- Lifetime bond limit: $20,000
- Personal contribution limit: $200,000
Requirements
- Must have Disability Tax Credit (DTC) approval
- Must be under 60 to open
- Must have a valid Social Insurance Number
- Must be a Canadian resident
Provincial Treatment
RDSP treatment varies by province:
- BC, NL, Yukon: RDSP fully exempt from asset and income tests
- Saskatchewan: RDSP assets fully exempt; income exempt up to low-income threshold
- Other provinces: Varies — check your province's specific rules
Why Open an RDSP
Even if you can only contribute $500/year, the government will add $1,500 in grants — that's a 300% return. For low-income individuals, you don't need to contribute anything to receive the bond.
Step 1: Get Your DTC
You need DTC approval before you can open an RDSP. If you haven't applied yet, start there.