Investment

RDSP

The RDSP (Registered Disability Savings Plan) was established to help ensure the long-term financial security of a child with a severe disability. Like the RESP, contributions to the RDSP are not deductible but accumulate tax-free and generous government grants are available.

Key features of the RDSP:

  • Only one plan per beneficiary is permitted;
  • Beneficiaries must be eligible for the disability tax credit;
  • 70,000 in grants are available, subject to annual maximums;
  • 20,000 in bonds are available, subject to annual maximums;
  • Maximum lifetime contributions of $200,000;
  • The taxable portion of withdrawals is the responsibility of the beneficiary.

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