What is the RDSP?
The Registered Disability Savings Plan (RDSP) is the world’s first savings plan designed for people with disabilities. Even with little to no personal contributions, government contributions can be significant. For people with low income (less than $32,028), the federal government will deposit up to $1000 each year for 20 years!
Everyone should be talking about the RDSP!
We believe that everyone should be talking about the RDSP, but unfortunately, we know this isn’t the case. Even with the financial security that it can provide, many people who qualify still don’t have an RDSP. Many Canadians know about or take advantage of RRSPs or RESPs, but far fewer people know about the RDSP.
Only about 31% of people who are approved for the Disability Tax Credit (DTC) and are aged 0-49 have opened an RDSP (49 is the cutoff for opening an RDSP and being able to receive government contributions). Being approved for the DTC is the most important thing to have before you can open an RDSP.
If you or someone you know has a disability, we encourage you to find out more. Contact your financial institution, our website, or Access RDSP for more information.
Please help us spread the word! Here are a few ways you can do so:
- Tell someone about the RDSP
- Send them to rdsp.com to learn more.
- Encourage them to contact their bank to find out more.
- Share the graphic below on Facebook, Twitter or Instagram
- Use the text below or write your own.
- Use the hashtag #RDSPawareness.
Ways to learn about the RDSP:
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- Take the online tutorial.
- Register for one of our free RDSP webinars. We offer both a level 1 and 2 option. Click here to register.
- If you still have questions about the RDSP or DTC or need help applying, please call our toll-free helpline at 1-844-311-7526 or email rdsp@info.ca.
Twitter text and graphic
RDSP Awareness Month Graphic for Twitter
Facebook text and graphic
October is #RDSPAwareness month and we want to get more people talking about the RDSP!
If you are living with a disability and are under 50 years of age, you could be eligible for up to $90,000 in government grants and bonds through a Registered Disability Savings Plan (RDSP).
Please help us spread the word so that more eligible Canadians can learn about and have access to the resources and support needed to open one! Learn more about the RDSP at www.rdsp.com