A Registered Disability Savings Plan (RDSP) is a long-term savings account for Canadians with disabilities. It’s designed to help individuals and their families build financial security for the future—with tax-deferred growth and significant government contributions.
It’s one of the most generous savings programs in Canada for eligible individuals.
To qualify for an RDSP, the beneficiary must:
Only one RDSP can be set up per person, but anyone can contribute with the written consent of the account holder.
The lifetime contribution limit is $200,000, and funds must be withdrawn by the end of the year the beneficiary turns 60.
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