Common menu bar

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

Breadcrumb

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

Rollover Retirement Funds into an RDSP

The Government of Canada’s Budget 2010 announced a rollover (transfer) measure to provide people with disabilities with more flexibility when saving for the future.

As of July 2011, if you are a parent or grandparent of a financially dependent child or grandchild with a disability, you will be able to arrange for some or all of your retirement savings to be transferred tax-free to his or her Registered Disability Savings Plan (RDSP) when you pass away.

To be eligible for this measure, retirement savings must be in one of the following:

• a Registered Retirement Savings Plan (RRSP);
• a Registered Retirement Income Fund (RRIF); or
• a Registered Pension Plan (RPP).

The maximum transfer amount is $200,000; this amount will be reduced by all contributions and rollover transfers that have previously been made to any RDSP.

The amount of money transferred into an RDSP will form part of the $200,000 lifetime contribution limit. For example, if there is already $50,000 in private contributions in an RDSP, the amount rolled over from an RRSP, RRIF and RPP cannot exceed $150,000.

The Government will not pay matching Canada Disability Savings Grants on the money you transfer.

For more information on transferring retirement savings to an RDSP, please visit the Canada Revenue Agency’s website or call 1-800-959-8281 (TTY users call 1-800-665-0354).

Long-term disability savings

Primary navigation (left column)

Date Modified:

2011-12-15