ACU - RDSP

Being prepared makes good financial sense.

The Registered Disability Savings Plan (RDSP) helps you save for the long-term financial security of yourself or a loved one. Download our guide to learn how the RDSP can help you.

Download the guide

How does an RDSP work?

Eligibility requirements include approved disability tax credit, Canadian citizenship and SIN #.
Every $1 is matched with up to $3 from the government (to a maximum of $3,500 each year, with a lifetime limit of $70,000; grants are paid into the RDSP account until the end of the calendar year in which the recipient turns 49 years of age).
There is no annual contribution limit, but the lifetime limit is $200,000.
Contributions can be made up until the end of the year the beneficiary turns 59.
Low income individuals may be eligible for an additional $1000 a year for 20 years.
There are no restrictions on how RDSP withdrawals are spent.
The RDSP is exempt from most provincial disability and income assistance benefits.
RDSP contributions are not tax-deductible, but income earned grows on a tax-deferred basis until the funds are withdrawn. When withdrawn, the amount is taxed as income.

Other benefits:

RDSP contributions are not tax-deductible, but income earned grows on a tax-deferred basis until the funds are withdrawn. When withdrawn, the amount is taxed as income.

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