The RDSP is a valuable, new savings plan created by the government to assist families in planning for the long-term financial security of their relatives with a disability.
Each RDSP will have a $200,000 lifetime contribution limit and there is no annual limit on contributions, which can be made until the year the beneficiary turns 59.
All Bonds and Grants paid to the plan in the 10 years preceding one of the following events must be repaid to the Government of Canada.
To qualify for the RDSP you must be eligible for the DTC and be under the age of 59. To be eligible for any government contributions, the beneficiary must be under the age of 50...
This Bond is an amount of money that the government will pay into an RDSP that will not require any contribution, and will provide a contribution of $1,000 to an RDSP when family...
Most provinces have exempted the RDSP as an asset for those who receive provincial income support benefits, and that means that the RDSP can increase in value over time...
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