To open your Registered Disability Savings Plan, you must meet each of these criteria:

  • You are a resident of Canada and file your taxes here.
  • You have a valid temporary or permanent Social Insurance Number (SIN).
  • You are younger than 59 or turning 59 in this calendar year. Note: You are only eligible for grants and bonds until December 31 of the year you turn 49.
  • You are approved for or already receive the Disability Tax Credit.

Note: You will only be able to receive the correct amount of government contributions if you have filed income taxes for the previous two years. If the beneficiary is a child, we recommend that you start filing their income taxes when they’re in the year they turn 17 years old. When the beneficiary is in the year in which they turn 19 years old the grant and bond eligibility will be based on their income for two years prior, and this will ensure the correct amount of grants and bonds are received.