Investments / RDSP
RDSP: Long-Term Savings for People with Disabilities
The Registered Disability Savings Plan helps people who qualify for the Disability Tax Credit build long-term financial security, with up to $90,000 in government grants and bonds over a lifetime.
An RDSP is one of the most generous savings programs in Canada. The government can add up to $3 for every $1 you contribute, and lower-income families can receive a bond every year without contributing at all. Savings grow tax-deferred and do not affect most provincial disability benefits, including ODSP in Ontario.
RDSP at a glance (2026)
- Up to 300%Matching grant on the first $500 you contribute each year, for eligible families
- $3,500Maximum Canada Disability Savings Grant each year
- $70,000Lifetime grant limit
- $1,000Canada Disability Savings Bond each year for lower-income families, with no contribution needed
- $20,000Lifetime bond limit
- $200,000Lifetime contribution limit
Grant and bond amounts depend on family income. Grants and bonds are paid until the end of the year the beneficiary turns 49.
Who can open an RDSP?
- The beneficiary is approved for the Disability Tax Credit (DTC)
- The beneficiary is a Canadian resident with a Social Insurance Number
- The beneficiary is under 60 years old
- A parent, guardian or the adult beneficiary can open the plan
How an RDSP works
Qualify for the DTC
Apply for the Disability Tax Credit with the help of your doctor.
Open the plan
We help you open the RDSP and apply for the grant and bond.
Contribute and collect
Family and friends can contribute, and the government adds grants and bonds.
Receive payments
Withdrawals usually begin by age 60 and can provide income for life.
RDSP strategies
Catch up on past years
You can receive grants and bonds for up to 10 previous years once the beneficiary qualifies for the DTC.
Contribute $1,500 a year
For eligible families, $1,500 a year collects the full $3,500 grant.
Transfer an RESP
RESP growth can be rolled into an RDSP for the same beneficiary if they have a severe disability.
Learn more →Leave an inheritance
A parent’s RRSP or RRIF can be rolled into a child’s RDSP at death, deferring tax.
Learn more →Frequently asked questions
Does an RDSP affect ODSP?
No. In Ontario, RDSP savings and withdrawals do not reduce ODSP payments.
What is the 10-year rule?
Grants and bonds paid in the 10 years before a withdrawal may have to be repaid, so it is best to plan withdrawals carefully.
Who can contribute?
Anyone can contribute with the plan holder’s written permission, including grandparents, relatives and friends.
Talk to Devendra Kumar, Financial Planner (CLU, CHS)
DK Insurance & Investment Inc. serves families across the GTA from offices in Vaughan, Mississauga and Brampton. Call or text +1-647-761-0517 for a free, no-obligation conversation.