Saving for Disabled Individuals

Save for the financial needs of a disabled individual

The Registered Disability Savings Plan (RSDP) is a registered savings plan intended to help parents and others save for the long-term financial security of persons with severe or prolonged disabilities who are eligible for the Disability Tax Credit. The following are important details of this plan:


  • Contributions up to a lifetime maximum of $200,000 per beneficiary can be made to an RDSP until the end of the year in which the disabled beneficiary turns 59, with no annual limit.

  • Contributions are not tax deductible; however, any investment earnings that accrue within the plan grow on a tax-deferred basis.

  • In addition, Canada Disability Savings Bonds (CDSB) and Canada Disability Savings Grants (CDSG), up to annual and lifetime limits, can be received in an RDSP from the federal government depending on family income.