RDSPs

The Registered Disability Savings Plan (RDSP) helps Canadians with disabilities and their families save for the future. If you are a Canadian resident under age 60 and are eligible for the Disability Tax Credit (Disability Amount), you may be eligible for an RDSP (if you are 59, you must apply before the end of the calendar year in which you turned 59). Earnings accumulate tax-free, until you take money out of your RDSP. Parents or guardians may open an RDSP for a minor. With written permission from the holder, anyone can contribute to the RDSP.

Once you open an RDSP, you may apply for the Canada Disability Savings Grant and Canada Disability Savings Bond.