Registered Plans

RDSPs

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There are many different government plans designed to help Canadian citizens. Whether it’s for education, retirement, or general savings, there is a plan for you. There is also a government plan for people with disabilities. This plan helps with long term savings and also provides the opportunity to receive government grants and bonds.

What is an RDSP?

A Registered Disability Savings Plan (RDSP) is a registered product created by the Government of Canada. This plan is designed to help disabled Canadians and their families form good long-term savings habits – RDSP participants may be eligible for grants and bonds from the government assistance program.

If you are a Canadian citizen with a social insurance number, under age 60 and are eligible to receive the Disability Tax Credit, then you should consider opening a RDSP.

Who is eligible for a RDSP?

There are many different disabilities that are eligible for the RDSP. If you are receiving the Disability Tax Credit, under age 60 and a Canadian with a valid SIN, you may be eligible for your RDSP.

With the registered disability long term savings plan, you may contribute on an annual basis any amount – with a lifetime maximum limit of $200,000.

View the Government T2201 form to see if you qualify for the Disability Tax Credit, which in turn will reveal if you also qualify for an RDSP.

Speak with an Integris Financial Planning Representative or book an appointment today for more information about your RDSP’s.