You do not have to save to get the bond!

The Canada Disability Savings Bond is one way that the federal government will put money into your RDSP. If your net income is less than or equal to $31,120 per year, the federal government will put $1,000 into your RDSP each year. If you are younger than 18, then it is your family income that counts.

If your net income is between, $31,120 and $47,630, the government will put a portion of $1000 into your account.

If your family’s net income is above $47,630, you will not receive the bond for this year.

 

The maximum amount that the federal government will invest in your RDSP in your lifetime is $20,000. You cannot get the bond after the calendar year in which you turn 49.

Note: If you want to get the bond, you your income taxes for the past two years. If you are younger than 18, then your family their income taxes.