Registered Disability Savings Plan
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Minimum Age: No Minimum Age
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Contribution Age Limit: Until the end of the year you turn 59
At Insurance4you, we understand how important it is to plan for the long-term financial security of a loved one with a disability. The Registered Disability Savings Plan (RDSP) is a powerful government-supported savings program designed to help Canadians with disabilities build a secure financial future. Whether you are a parent, guardian, or caregiver, an RDSP can make a life-changing difference—and our experts are here to guide you every step of the way.
What is an RDSP?
A Registered Disability Savings Plan (RDSP) is a government-registered savings plan that helps Canadians with disabilities and their families save for long-term financial needs. Similar to an RESP or RRSP, the RDSP is specifically designed to provide long-term financial security.
One of the biggest advantages of an RDSP is the generous government assistance available. Eligible beneficiaries may receive up to $70,000 in Canada Disability Savings Grants and up to $20,000 in Canada Disability Savings Bonds during the lifetime of the plan. Even modest personal contributions can grow significantly through government matching and tax-deferred investment growth.
Free RDSP Consultation
Speak with our licensed advisors and learn how you can maximize your RDSP benefits.
Key Benefits of an RDSP
A Registered Disability Savings Plan (RDSP) provides long-term financial security for Canadians with disabilities through government grants, tax-deferred investment growth, and flexible contribution options. It helps families maximize government benefits while building a stable financial future.
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Government Grants & Bonds – Receive up to $70,000 in Canada Disability Savings Grants and up to $20,000 in Canada Disability Savings Bonds over the lifetime of the plan.
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Tax-Deferred Growth – Investment earnings grow tax-deferred until withdrawn, allowing your savings to accumulate more quickly over time.
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Flexible Contributions – Parents, grandparents, family members, friends, or the beneficiary can contribute, with no annual contribution limit and a lifetime maximum of $200,000.
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Long-Term Financial Security – RDSP savings can help cover future living expenses, healthcare costs, and other essential needs while preserving eligibility for many government benefit programs.
Secure Your Loved One's
Financial Future
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Open Your
RDSPContact Insurance4you to open a Registered Disability Savings Plan (RDSP) with one of our trusted financial partners. We'll help you verify eligibility, explain the Disability Tax Credit (DTC) requirements, and guide you through the entire application process.
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Contribute &
Grow Your SavingsFamily members, friends, or the beneficiary can contribute to the RDSP. Eligible contributions may qualify for the Canada Disability Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB), while investment earnings grow on a tax-deferred basis to maximize long-term savings.
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Access Funds
When NeededWhen the beneficiary needs financial support, funds can be accessed through Disability Assistance Payments (DAPs) or Lifetime Disability Assistance Payments (LDAPs). These withdrawals help cover living expenses, healthcare costs, and other essential needs while supporting long-term financial security.
Who is Eligible for an RDSP & Why Choose Insurance4you?
To open a Registered Disability Savings Plan (RDSP), the beneficiary must be a Canadian resident with a valid Social Insurance Number (SIN), qualify for the Disability Tax Credit (DTC), and be under the age of 60. Government grants and bonds can be received until December 31 of the year the beneficiary turns 49. Once eligibility is confirmed, the RDSP can be opened by the beneficiary if they are able to manage their finances, or by a parent, legal guardian, or authorized representative on their behalf.
At Insurance4you, we simplify the RDSP process by helping families understand eligibility requirements, contribution limits, government grants, and withdrawal rules. Our licensed advisors provide personalized guidance, assist with Disability Tax Credit (DTC) applications, and develop customized savings strategies to help maximize government incentives and long-term investment growth. Our goal is to help every family build lasting financial security while making the most of the valuable benefits offered through the RDSP program.
Example of RDSP Growth
If you contribute $1,500 per year to an RDSP, the Government of Canada may contribute an additional $3,500 through grants and bonds, depending on your family income. Over 20 years, your combined contributions could exceed $100,000, with the potential to grow to more than $200,000 through tax-deferred investment growth. Starting early and contributing consistently can significantly improve long-term financial security.
RDSP Withdrawals
RDSP funds are designed to provide financial support throughout the beneficiary's lifetime. Withdrawals are available through Lifetime Disability Assistance Payments (LDAPs), which provide regular payments beginning no later than the end of the year the beneficiary turns 60, and Disability Assistance Payments (DAPs), which allow lump-sum withdrawals to meet immediate financial needs. Our advisors help you develop a withdrawal strategy that balances immediate needs with long-term financial stability.
