Canada’s major financial institutions are all offering the RDSP:
- Acumen Capital Partners
- ATB Securities Inc.
- Aviso Wealth
- Bank of Montreal
- Bank of Nova Scotia
- Central 1 Credit Union
- Coast Capital Savings
- Edward Jones
- Global Growth Assets Inc.
- Investia Financial Services Inc.
- Investors Group Trust Co. Ltd.
- Mackenzie Financial Corporation
- Natcan Trust Company
- Odlum Brown
- RBC Royal Bank
- Sun Life
- TD Waterhouse Canada Inc.
- World Financial Group
French Only Institutions:
The RDSP is offered by most Canadian financial institutions, including credit unions. However, due to their smaller size, most credit unions are serviced by other institutions, namely Aviso Wealth.
Please note, that this is not an exhaustive list of financial institutions that offer an RDSP, and it is subject to change. See the Financial Institutions List for the most up-to-date list of financial institutions offering the plan or call 1-800-O-CANADA (1-800-662-6232). We encourage you to conduct your own research and find out which financial institution best suits your needs.
Federal Government Resources
Provincial/Territorial Implications – Disability Benefits
Why is it important for Provinces/Territories to Exempt the RDSP? In the provinces/territories, a person who is eligible for provincial/territorial disability benefits is often restricted from accumulating any assets to save for their future financial security. As well, they are generally restricted in the amount of income they may receive before being disqualified or having funds clawed-back from their Disability Benefits.
It is for this reason that we are encouraging all the provinces to come out and fully exempt the Registered Disability Savings Plan from any asset and income tests for determining eligibility for Disability Benefits. If a province does not exempt the RDSP as an asset and/or income, there will be less incentive for people to set up an RDSP as it may disqualify them from receiving Disability Benefits, or cause a claw-back for any income received from an RDSP.