What is the RDSP?
The Registered Disability Savings Plan (RDSP) is the world’s first savings plan designed for people with disabilities. Even with little to no personal contributions, government contributions can be significant. For people with low income (less than $32,028), the federal government will deposit up to $1000 each year for 20 years!
Everyone should be talking about the RDSP!
We believe that everyone should be talking about the RDSP, but unfortunately, we know this isn’t the case. Even with the financial security that it can provide, many people who qualify still don’t have an RDSP. Many Canadians know about or take advantage of RRSPs or RESPs, but far fewer people know about the RDSP.
Only about 31% of people who are approved for the Disability Tax Credit (DTC) and are aged 0-49 have opened an RDSP (49 is the cutoff for opening an RDSP and being able to receive government contributions). Being approved for the DTC is the most important thing to have before you can open an RDSP.
If you or someone you know has a disability, we encourage you to find out more. Contact your financial institution, our website, or Access RDSP for more information.
Access RDSP is a partnership between Plan Institute, BC Aboriginal Network on Disability Society (BCANDS) and Disability Alliance BC (DABC). The purpose of the program is to increase uptake of the RDSP by helping people learn about, become eligible for and open an account. We provide support and resources for every step of the way. BCANDS provides one-on-one direct service for Indigenous peoples. All our services are free!
The RDSP is a great resource for those it benefits, yet many still face barriers trying to access it. For example, a doctor can charge a fee for filling out a DTC application. We continue to advocate for positive changes that will make the RDSP more accessible.
Please help us spread the word! Here are a few ways you can do so:
- Tell someone about the RDSP
- Send them to rdsp.com to learn more
- Encourage them to contact their bank to find out more
- Share the graphic below on Facebook, Twitter or Instagram
- Use the text below or write your own.
- Use the hashtag #RDSPawareness.
Ways to learn about the RDSP:
Twitter text and graphic
Facebook text and graphic
October is #RDSPAwareness month and we want to get more people talking about the RDSP!
If you are living with a disability and are under 50 years of age, you could be eligible for up to $90,000 in government grants and bonds through a Registered Disability Savings Plan (RDSP).
Please help us spread the word so that more eligible Canadians can learn about and have access to the resources and support needed to open one! Learn more about the RDSP at www.rdsp.com
Quick RDSP Links:
Want to learn more about the RDSP? Join one of our free webinars! RDSP Level 1 & 2 Webinars
Learn all about the RDSP: www.rdsp.com
RDSP Calculator: www.rdsp.com/calculator
Call our toll-free RDSP and Disability Planning Helpline: 1-844-311-7526