I have came across a question from a person with special needs: “I already setup the RDSP, but why I haven’t seen the grants and bonds being deposited into my account?”
If you recall the benefits of setting up a Registered Disability Savings Plan (RDSP), the Canada Disability Savings Grants (CDSG) and the Canada Disability Savings Bonds (CDSB) are really the major benefits that appeal to many Canadian families with disabilities. The amount of grants and bonds one could receive is based on the beneficiary’s family net income. To understand how to calculate the amount of grants and bonds that one is entitled to, you may find these details in the CRA website: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rdsp-reei/cdsg-eng.html
An interesting note that to qualify for the bond or to earn a grant for a particular year, the CRA will review the income of that for the past two years. That being said, remember to file your income tax, else CRA will not be able to provide you with the grants and bonds that you should have.
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