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Disability savings

  • Disability Savings (RDSP)

Anyone can contribute

You and your family aren’t the only ones who can contribute to your RDSP. Friends can also add to the funds.

Government matched

Your savings may be boosted by government grants, including the Canada Disability Savings Grant and Bond.

Doesn’t limit benefits

Having an RDSP won’t affect your benefits. It’s exempt from most provincial disability and income assistance programs.

Spend it your way

There are no restrictions on how RDSP withdrawals are spent, so you can use the money however you need.


Designed for canadians with disabilities.

An RDSP is a savings plan designed to help you, your family and friends save for any long-term financial needs you might have. While not tax deductible, your RDSP may be boosted by government grants. This includes:  

The Canada disability savings grant.

Matches contributions up to $3,500 annually and $70,000 total, depending on your family income.

The Canada disability savings bond.

Adds up to $1,000 annually and $20,000 total to the RDSPs of lower income families.


The financial plans of a lifetime.

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Tired of paying tax on investment growth?

You can contribute to your TFSA and watch it grow faster, because you’re not paying pesky taxes on the interest earned.
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Flexible to fit you.

Not sure if you’ll need the funds? We have options that allow you to redeem before your GIC term ends

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It pays to plan for your child’s future.

A post-secondary education is perhaps the greatest gift you can give a child. Plan ahead with a Registered Education Savings Plan (RESP).
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At Northern Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)

Download the Deposit Insurance Reserve Fund (DIRF) Brochure

Deposits insured through FSRA Financial Services Regulatory Authority of Ontario.


*To a maximum of $500 per year per beneficiary and $7,200 over the lifetime of the RESP per beneficiary.