Common menu bar

• Français
• Home
• Contact Us
• Help
• Search
• canada.gc.ca

Breadcrumb

1. Home >
2. Disability Issues >
3. Disability Savings

Canada Disability Savings Bond

Helping you save

The Canada Disability Savings Bond is money that the Government will deposit into the Registered Disability Savings Plans (RDSPs) of low-income and modest-income Canadians. If you qualify for the bond, you will receive up to $1,000 a year depending on your family income (see Beneficiary's Family Income). There is a limit of $20,000 over your lifetime. Bonds are paid into the RDSP until the year you turn 49 years old.

You do not need to make any contributions to your RDSP in order to receive the bond. However, you must apply for the bond at the Financial Organization where you have your RDSP.

Eligibility

After opening an RDSP, you must meet the following requirements to apply for a bond:

• be 49 years of age or under;
• be a Canadian resident;
• have a Social Insurance Number (SIN);
• be eligible for the Disability Tax Credit (Disability Amount)
• have a family income of less than $42,707 (this income amount is updated each year based on the rate of inflation);
• for beneficiaries over 18 years of age:
  • file your personal income taxes for the past two years and all future taxation years;
• for beneficiaries under 18 years of age:
  • parents or guardians must file their taxes and apply for the Canada Child Tax Benefit for the past two years and all future taxation years.

Bond amount

If the Beneficiary's Family Income is less than or equal to $24,863:

• The Government deposits $1,000 each year to the RDSP.

If the Beneficiary's Family Income is between $24,863 and $42,707:

• The Government deposits a portion of the $1,000 to an RDSP each year. As your income increases, the bond amount paid into your RDSP decreases.

Note: Income amounts shown are for 2012. The income amounts are updated each year based on the rate of inflation.

Example

Long-term disability savings

Primary navigation (left column)

Date Modified:

2011-12-29