21 Oct

Registered Disability Savings Plan = Money in your pocket


Posted by: Karen Boies

Registered Disability Savings Plan =

Thousands of dollars in government grants

Have you ever wondered how children with disabilities will survive financially when their parents are no longer here to look after them?

Registered Disability Savings Plan

A registered disability savings plan (RDSP) is a savings program to help Canadians with Disabilities and their families save for the long-term financial security of a person with disabilities. Individuals up to the age of 59 can benefit from this program. It can include a wide range of disabilities from learning disabilities to very severe physical disabilities.

You should consider opening an RDSP if you have a long-term disability and are:

  • eligible for the Disability Tax Credit (disability amount);
  • under the age of 60 (if you are 59, you must apply before the end of the calendar year in which you turned 59);
  • a Canadian resident with a Social Insurance Number (SIN); and
  • looking for a long-term savings plan.

Canada Disability Savings Grant

The Canada Disability Savings Grant is a matching Grant the Government will deposit into your RDSP to help you save. The Government provides matching grants of up to 300 percent, depending on the amount contributed and the beneficiary’s family income.   The maximum Grant is $3,500 each year, with a limit of $70,000 over your lifetime. Grants are paid into the RDSP until the end of the calendar year in which you turn 49 years of age.

Get your Grant now!

Cathy Derksen is a Financial Consultant and Insurance Specialist with Investors Group and will help you through the process to determine if you qualify for the disability tax credit and the registered disability savings plan (RDSP). Then she will help you through the application process and get you started on your Registered Disability Savings Plan!

To learn more and to get the process started contact Cathy Derksen:

Cathy Derksen 778 788 1244


 I am committed to helping my clients with getting into your first home, your dream home and saving the most amount of money on your mortgage. If you have any mortgage related questions or wanting a mortgage plan, call, text or email me. 

 All the best,