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 or individual yearly income falls under a certain amount that is established each year. It will be phased out gradually for those whose income is above the yearly limit. When the plan beneficiary is 19 or older, it is his or her yearly income and not the parent’s income that will be considered and the same goes for the Canada Disability Savings Grant. Some of the rules include:

• The Bond will have a $20,000 lifetime limit and can be received for 20 years until the year the beneficiary turns 49;
• Beneficiaries must wait 10 years after the last Bond is received to avoid repayment rules;
• Bonds will not be considered part of the $200,000 contribution limit.