Registered Disability Savings Plan

• The RDSP is a registered savings plan open to Canadians eligible for the Disability Tax Credit. Maximum of $200,000 lifetime contribution can be invested in the plan and the contributions are not tax-deductible but tax-deferred until withdrawn.

• Its main advantage is that one can supplement the plan with matching government funds: the Canada Disability Savings Grants (CDSGs) and Canada Disability Savings Bonds (CDSBs), both of which are available for RDSP beneficiaries aged 49 and under.

• RDSP is a good idea to help you save for the future. The main benefit of having an RDSP is the money the federal government will provide. If you are under age 50, you may be able to get up to $90,000 in grants and bonds over your lifetime.