DISABILITY SAVINGS (RDSPs)

  • INVEST
  • 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.

THINK AN RDSP IS RIGHT FOR YOU OR YOUR LOVED ONE?

Don’t hesitate to reach out! Our experts will be happy to answer any questions and help you get set up.

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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YOUR DEPOSITS ARE INSURED

Deposit insurance coverage is provided by the Deposit Insurance Reserve Fund administered by FSRA and pre-funded by Ontario credit unions and caisses populaires at no cost to depositors.

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DEPOSIT INSURANCE RESERVE FUND (DIRF)

Financial Services Regulatory Authority of Ontario’s (FSRA) deposit insurance program protects insurable deposits held with Ontario credit unions and caisses populaires. Deposit insurance is part of a comprehensive depositor protection program that ensures the safety and soundness of credit unions and caisses populaires. For more information, click here.

Deposits insured through FSRA Financial Services Regulatory Authority of Ontario. www.fsrao.ca

DISCLAIMER

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