Disability
Federal
Paid annually
Registered Disability Savings Plan
Worth up to
$4,500/year
What is it?
A savings plan to help parents and others save for the long-term financial security of a person who is eligible for the DTC. The government provides matching grants and bonds.
Up to $3,500/year in grants + $1,000/year in bonds. Lifetime max: $90,000
Who is it for?
- Must have a qualifying disability (DTC-eligible)
- Must file an income tax return
How to Apply
- 1Be approved for the Disability Tax Credit
- 2Open an RDSP at a participating bank or credit union
- 3Government deposits matching grants and bonds automatically
- 4Annual contributions of any amount generate the match
Documents You May Need
Approved DTC certificate
SIN
ID
Banking information
Related Benefits
$7,787
Canada Child Benefit
A tax-free monthly payment to help eligible families with the cost of raising children under 18 years of age.
$2,000
Canada Learning Bond
Free money from the Government of Canada to help pay for education after high school. No contributions required — just open an RESP.
$7,200
Canada Education Savings Grant
The government matches 20% of what you contribute to your child's RESP, up to $500 per year. Low and middle-income families may qualify for additional amounts.