04/03/2025
🌟 Unlock Your Future with RDSP! 🌟
Are you or someone you know living with a disability? The Registered Disability Savings Plan (RDSP) is here to help you save for a brighter tomorrow! 💚 Let’s spread the word and ensure everyone knows about this valuable resource!
The Registered Disability Savings Plan (RDSP) is a made-in-Canada innovation designed to provide a long-term savings vehicle for people with disabilities.
The RDSP was developed by the Government of Canada in 2008 to help Canadians with a disability create financial security. With personal contributions, grants and bonds provided by the Canadian government, and opportunities to grow the plan through various investment options, an RDSP can grow quickly.
What is an RDSP?
The RDSP is made up of personal contributions and bonds and grants provided by the federal government.
Canada Disability Savings Grant - For every $1 a person contributes to the RDSP, the federal government could match up to $3 in grant (depending on the family income).
Canada Disability Savings Bond - For low-income Canadians, the government will contribute $1,000 of bonds each year up to $20,000 lifetime amount. You don't have to make personal contributions to receive bonds.
Personal Contributions - With the beneficiary's permission, anyone can contribute to an RDSP - family, friends, neighbors, etc. Making personal contributions will help the RDSP grow. but you don't have to be able to make personal contributions to benefit from an RDSP.