What is Registered Disability Savings Plan (RDSP)?

What is RDSP?

People with disabilities and their loved ones face a distinct set of financial challenges throughout their lives. To help address these challenges, in 2008 the Government of Canada introduced the Registered Disability Savings Plan (RDSP). Designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate funds by providing assisted savings and tax-deferred investment growth.

Once an RDSP is opened, any $1 that is deposited could be matched by the federal government up to $3. For example, if $1500 is deposited in an RDSP, the government could match with up to $3500! If your friend or relative is living on a low-income or disability benefits, the government will put an additional $1000 per year with no contributions required. By helping your family member or friend, you are helping them plan for a brighter future.


A Canadian resident under the age of 60 who is eligible for the Disability Tax Credit (DTC) is eligible for an RDSP. The DTC is available to individuals who have mental or physical impairments that markedly restrict their ability to perform one or more of the basic activities of living (i.e., speaking, hearing or walking). The impairment must be expected to last a period of one or more years, and a physician must certify the extent of the disability. Individuals can apply to the Canada Revenue Agency (CRA) for the DTC using form T2201. Information on the disability tax credit and other tax credits available to disabled individuals can be found in our brochure, Making a Challenge Less Challenging.

To qualify for an RDSP, you must:

  • Be eligible for the Disability Tax Credit
  • Be a resident of Canada
  • Be less than 60 years of age
  • Have a valid SIN

Want to obtain more information about the RDSP, feel free to contact me.

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