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Accessible RDSP Video

View our new video about the Registered Disability Savings Plan (RDSP), the Canada Disability Savings Grant and the Canada Disability Savings Bond. This video, which provides useful information about the program, can be viewed in American Sign Language, in Langue des signes québécoise, and through closed captioning. It is also available through voice narration.

The RDSP is a long-term savings plan that helps people with disabilities and their families save for the future. The RDSP, as well as the grant and the bond, became available to Canadians with disabilities in December 2008.

Transcript

(A woman is standing in front of a black backdrop communicating in American Sign Language.)

I'm pleased to tell you about a federal government program to help Canadians with disabilities and their families save for the future.

It's the Registered Disability Savings Plan or RDSP.

Who should consider opening an RDSP?

Well, you are eligible if you have a long-term disability and are:

• under the age of 60;
• a Canadian resident with a Social Insurance Number;
• eligible for the Disability Tax Credit;
• and looking for a long-term savings plan.

To encourage savings, the Government of Canada pays a matching grant of up to 300 percent, depending on the amount contributed and your family income.

That means the government will pay up to $3,500 a year in grants, with a limit of $70,000 over the beneficiary's lifetime.

For Canadians with low and modest incomes, the government also pays a bond of up to $1,000 a year, with a limit of $20,000 over the beneficiary's lifetime. No contributions are needed to receive the bond.

Grants and bonds are paid until the year the beneficiary turns 49.

Grants and bonds are intended to encourage long-term savings. They must remain in the RDSP for at least 10 years.

The plan holder, or anyone with written permission from the plan holder, can contribute to an RDSP. There is no annual contribution limit, but there is a lifetime contribution limit of $200,000. And, until you take money out of the plan, your earnings accumulate tax-free.

That's good news for your financial security!

To learn more, I invite you to browse www.disabilitysavings.gc.ca. TTY users can contact 1-800-926-9105.

This website contains a list of financial organizations that offer the RDSP, the grant and the bond.

The RDSP is part of our government's commitment to help Canadians with disabilities save for the future.

Thank you.

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Date Modified:

2011-12-15