• Skip to primary navigation
  • Skip to content
  • Research
    • Collaborating With Us
    • Current Research
    • Research Ethics
    • Student Research
  • Foundation
    • Donate
    • Leadership
    • Accountability
    • Privacy
  • Contact Us
    • Invite Us
    • Your Feedback Matters
  • Subscribe
  • Search

Surrey Place

  • About Us
    • Who We Are
      • Mission, Vision, Values
      • Leadership & Governance
    • Accountability
      • Annual Reports & Business Plans
      • Financial Reports
      • Publications and Statistics
      • Policies & Disclosures
      • Self-Advocacy Council
    • Accessibility
      • Accessibility Plan
      • Accessibility Commitment
      • Resources
    • Contact Us
  • Programs & Services
    • Autism Spectrum Disorders
      • Autism Services
      • School Support Program
        • Services Provided to School Boards
        • Services Provided to Community Agencies
      • TRE-ADD Program
        • Services Provided
        • Eligibility Criteria
    • Developmental Disabilities
      • Coordinated Service Planning (CSP)
      • Infancy and Early Childhood (Ages 0 – 6)
        • Eligibility Criteria
        • Services Provided
        • Specialized Programs and Services
        • Groups and Workshops
        • Connect With Us
      • Fetal Alcohol Spectrum Disorder Services
      • Blind-Low Vision Early Intervention Program (Ages 0 – 6)
        • Eligibility Criteria
        • Services Provided
        • Connect with Us
      • Children & Youth (Ages 6 – 18)
        • Eligibility Criteria
        • Services Provided
        • Specialized Programs and Services
        • Groups and Workshops
        • Consultation and Training
        • Connect with Us
      • Adults (Ages 18+)
      • All Ages
    • Wellness Services
  • Resources & Support
    • Coronavirus Resources
    • Resource Library
  • Join Us
    • Job Postings
    • Career Opportunities
    • Volunteer Opportunities
    • Learning Opportunities
      • Student Learning
      • Medical Learning
      • Professional Development
      • Contact Us
    • Internships
  • Stories, News & Events
    • News
    • Events
    • Stories
Close

How to Use a Registered Disability Savings Plan

Information about RDSP contributions, who is eligible and how it works

* Published on October 9, 2020

A registered disability savings plan (RDSP) is a savings plan that is intended to help parents/caregivers save for the long term financial security of a person who is eligible for the disability tax credit (DTC). Contributions to an RDSP are not tax deductible and can be made until the end of the year in which the beneficiary turns 59.

Things to know:

  • The federal government will match every $1 with up to $3. This is called the Canada Disability Savings Grant.
  • For people living on a low-income (less than $31,711), the federal government will put in $1000 every year for 20 years. This is called the Canada Disability Savings Bond. (People living on an income between $31,711 – $48,535 can still receive a partial bond.
  • Anyone can contribute to an RDSP (family, friends, neighbours). A RDSP gives people who want to help a way to do so.
  • The RDSP does not reduce disability benefits payments.
  • People with disabilities can choose what to do with the money when it comes out. There are no restrictions on how the money can be spent.

Learn More

OTHER RESOURCES YOU MAY LIKE

Surrey Place Family Connections Group

Surrey Place Family Connections Group

Learn more about this Facebook group run by Surrey Place’s Family Advisory Council

Read More

Troubleshooting Tips for Teams

Troubleshooting Tips for Teams

Learn how to fix any problems you may have on Microsoft Teams

Read More

  • Sitemap
  • Web Accessibility
  • DSO TorontoE
  • DSO TorontoF
  • FFacebook
  • IInstagram
  • TTwitter
  • LLinkedIn

© Copyright 2021 Surrey Place Centre · All Rights Reserved