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Registered disability savings plan (RDSP)

A registered disability savings plan (RDSP) is a savings plan to help parents and others save for the long-term financial security of a person who is eligible for the disability tax credit (disability amount).

Contributions to an RDSP are not tax deductible and can be made until the end of the year in which the beneficiary turns 59. Contributions that are withdrawn are not included in income for the beneficiary when they are paid out of an RDSP. However, the Canada disability savings grant, the Canada disability savings bond, and investment income earned in the plan are included in the beneficiary's income for tax purposes when they are paid out of the RDSP.

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Topics about Registered disability savings plan (RDSP)

Eligibility and contributions
 RDSP limits and transfers
Contribution limits, conditions for transferring from one RDSP to another, rollover reporting, and eligible individuals
Opening an RDSP
How to open an RDSP, who can open an RDSP, who can be a holder of the plan		 Cessation of disability or death of a beneficiary
What happens if the beneficiary is no longer qualified for the disability amount, what happens if the beneficiary dies
Payments and rules
Types of payments, when payments are made, how payments are reported, rules when government grants and bonds exceed contributions		 Canada disability savings grant and Canada disability savings bond
Description of grants and bonds, government contribution rates, when repayments of grants and bonds are needed
Tax payable
Types of investments that are subject to tax, who is liable

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Date Modified: 2012-01-04

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