Provide a powerful vehicle for saving

The RDSP is a powerful tool for long-term financial security. Someone saving $1,500 a year, for over 30 years, may find their RDSP worth nearly half a million dollars! Monthly payments out of the plan would start at about $850 and grow annually.

Recognize family contributions

Anyone can contribute to an individual’s RDSP: family, friends, neighbours, charities, foundations, and organizations. The federal government encourages these contributions by matching each dollar contributed with up to $3!

Supplement disability benefits

RDSPs, and the income they generate, are in addition to federal and provincial disability benefits. The money will not be clawed back or affect disability benefits.

Give individuals and families choice

You can spend RDSP withdrawals as you wish- it is considered exempt income and you can decide how and where to spend the money.