What’s an RDSP?

The Government of Canada introduced the Registered Disability Savings Plan (RDSP) in 2008 to provide financial security for individuals with disabilities. The plan allows a person who is eligible for the federal disability tax credit to accumulate up to $200,000 in contributions on a tax-deferred basis.

Who is eligible? To qualify for a RDSP, a beneficiary must:

  • Be a Canadian resident
  • Have a valid Social Insurance Number (SIN)
  • Be less than 60 years of age
  • Be eligible for the Disability Tax Credit (DTC)


Earnings grow tax-free while held in the plan. The federal government matches up to 30% through grants and extra funding for low-income families. There are two funding programs to help you save: Canada Disability Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB).

Contact a 3i Financial Advisor today to see how an RDSP can help your loved ones.