rdsp

Get up to $90,000 in grants with the RDSP

With REEI.ca, you will be assisted by qualified professionals to open an RDSP online in minutes.

The Registered Disability Savings Plan (RDSP) helps protect the financial security of a person with a disability. If you qualify, you could receive grants of up to $90,000.
reei admissible gif
reei canada gif

rdsp canada

Why should I open an RDSP?

Opening an RDSP will help achieve financial independence.

The Registered Disability Savings Plan provides long-term financial security for a person with a disability living in Canada.

The person must be eligible for the Disability Tax Credit (DTC).

rdsp Grant

Get grants up to $90,000

The Government of Canada will pay a grant (RDSP) of 100% to 300% depending on the beneficiary's adjusted family net income and contribution level.

Apply now to determine the amount of grant you can get.

Open an RDSP
reei subvention gif
reei subvention icon jaune

Government grants

Up to $90,000
reei icon vert

Age of eligibility

0 - 59 years
reei icon rouge

Lifetime limit

$200,000
reei epargne icon bleu

Savings are tax-free

$$$

reei calculator

An RDSP investment that suits your needs.

REEI.ca takes the time to analyze your needs in order to best meet them.

Example: Louis-Marie opens an RDSP in 2016 and contributes $1,500 to his plan annually, which allows him to obtain the maximum grant amount of $3,500 each year. In 2021, the amount in his plan is $35,710 with an average return of 5%.

Open an RDSP

registered disability savings plan

3 easy steps to open an RDSP

Validate my eligibility

Quickly check your RDSP eligibility with our online questionnaire.

1
reei verification icon rouge
Michel-Alexandre Riendeau reei
2

Chat with a qualified professional

All our representatives are certified with the Autorité des marchés financiers (AMF) in order to serve you well.

Contribute and get the grants

Contribute annually to the RDSP to maximize government grants.

3
rdsp graph

We are here to help you.

According to enquête sur la participation et les limitations d'activités (EPLA), people with disabilities represent 16.5% of the Canadian population aged 15 and over, or almost 4.2 million people.

There would be nearly $15 billion that could be redistributed by the government if all Quebecers eligible for the RDSP had applied for their grants.

FAQ - RDSP

Registered Disability Savings Plan (RDSP)

What is the RDSP?

icon plus

The RDSP is a registered savings plan introduced by the Government of Canada to help families save for the long-term financial security of persons with severe disabilities who are eligible for the Disability Tax Credit (DTC).

You qualify for the DTC when you have a marked physical or mental limitation. This means that you have a disability related to your ability to speak, hear, walk, evacuate (bowel or bladder), feed yourself, dress yourself, or mental functions necessary for activities of daily living.

What are the eligibility requirements for an RDSP?

icon plus

1. Be eligible for the Disability Tax Credit;
2. Be between the ages of 0 and 59;
3. Have a valid social insurance number;
4. Be a resident of Canada.

What are the eligibility criteria for the Disability Tax Credit (DTC)?

icon plus

A person is eligible for the DTC in a given year if they have a severe and prolonged impairment in physical or mental functions. To qualify for the credit, Form T2201 - Disability Tax Credit Certificate must be completed by a qualified practitioner and sent to the Canada Revenue Agency for approval.

Individuals who wish to establish an RDSP but have not yet claimed the DTC must be eligible for the DTC before establishing an RDSP. Learn more about the Disability Tax Credit click here

How do I open an RDSP account?

icon plus

Fill out our online form to begin the opening process.

Afterwards, one of our representatives will contact you to answer your questions and complete the opening of your RDSP.

How do the contributions work?

icon plus

Once the RDSP is established, you can deposit money into the account at any time.

The overall lifetime Contribution limit for a Beneficiary is $200,000. There is no limit on annual Contributions and the full $200,000 can be made in any one year.

Contributions are not tax-deductible, but the investment earnings are tax-deferred as long as they are held in the Plan.

Contributions must stop at the end of the year in which the RDSP beneficiary turns 59.

How to contribute to an RDSP?

icon plus

Once the RDSP is set up with a reei.ca representative, you can contact us directly to contribute to the account.

It is also possible to set up a pre-authorized payment which consists of automatically contributing a certain amount on a periodic basis.

What if I don't have money to invest in the RDSP?

icon plus

You may be eligible for Canada Disability Savings Bonds if your net annual income is less than $49,020. These bonds will be deposited into your RDSP.

What is the Canada disability savings grant and Canada disability savings bond?

icon plus

To supplement individual savings, the federal government offers the Canada Disability Savings Grant (CDSG) and the Canada Disability Savings Bond (CDSB).

The RDSP entitles the beneficiary to CDSGs and CDSBs until December 31 of the year in which the beneficiary turns 49.

What is the Canada disability savings grant (CDSG)?

icon plus

CDSGs are matching contributions that the government deposits into the beneficiary's RDSP to help build savings. The government provides matching contributions of up to 300%, based on the amount contributed and net family income.

For a beneficiary who is a minor, the net family income is that of his/her parents. When the beneficiary has reached the age of majority, the net family income is that of the beneficiary and his/her spouse, if any. The income threshold is indexed annually for inflation.

What is the Canada disability savings bond?

icon plus

Low-income families are also eligible for a Canada Disability Savings Bond (CDSB). The government deposits up to $1,000 per year into the RDSP of a low-income beneficiary. No contributions required!

CDSB payments are subject to a lifetime limit of $20,000 per beneficiary and are available until the end of the year in which the beneficiary turns 49, as long as the beneficiary remains a resident of Canada.

For a beneficiary who is a minor, the net family income is that of his/her parents. When the beneficiary has reached the age of majority, the net family income is that of the beneficiary and his/her spouse.

What is the grant limit?

icon plus

CDSGs are capped at $70,000 per beneficiary and are available until the end of the year in which the beneficiary turns 49, as long as the beneficiary remains a resident of Canada.

Since there is no limit on annual contributions to an RDSP, up to $200,000 can be contributed in a single year. However, contributing the full amount allowed at one time will result in the loss of the CDSG in subsequent years. Individuals who intend to contribute to an RDSP should consult with an expert advisor at reei.ca to determine whether a large lump sum contribution or periodic contributions are more appropriate. Depending on expected rates of return, the age of the RDSP beneficiary and anticipated cash flow needs, smaller annual contributions may be more appropriate. Making a large contribution all at once provides a longer period of tax-sheltered growth, while making contributions over several years provides greater benefit from the CDSG.

What are the investment options?

icon plus

Eligible investments for RDSPs are generally the same as for Registered Retirement Savings Plans (RRSPs) and Registered Education Savings Plans (RESPs) and include cash, securities, bonds, GICs, mutual funds and various other investments.

How do I make a withdrawal from an RDSP?

icon plus

There are two types of RDSP withdrawals:

1. Lifetime Disability Payments (LTD) - These are annual recurring payments that continue until the beneficiary dies. Payments can begin at any age, but must begin before the end of the year in which the beneficiary turns 60.

2. Disability Assistance Payments (DAP) - These are periodic lump sum payments that can be made to the beneficiary at any time after the RDSP is established.

What happens when the beneficiary dies or becomes disabled?
icon plus

Upon the death of an RDSP beneficiary, the plan must be wound up by December 31 of the following year. Grants and bonds paid in the previous 10 years will be repaid to the government. Growth income, grants and bonds are taxable in the hands of the Beneficiary's estate. Initial Contributions are tax-free.

In the event that the Beneficiary is no longer eligible for the DTC, the Grants and Bonds will remain in the Account. The RDSP will remain active, but no new contributions can be made to the account and the account will not be eligible for grants or bonds or carry forward grants and bonds.

How to get life insurance for people with disabilities?
icon plus

REEI.ca is committed to ensuring that people with disabilities have access to financial products and services that respect their independence.

To accomplish this, we chose Emma Life Insurance to reduce the barriers that can prevent people with disabilities from purchasing life insurance. Their services are completely online and their health questionnaire is among the most inclusive in Canada.

Satisfied clients

Note  4.9 out of 5

I recommend to everyone!

Personalized, easy and fast service! Always a professional available to answer our questions online👌 Thanks!

icon review happy
Philippe B.
5/5

$10,000+ in grants in the first year!

I was amazed at the customer service, the speed, the ease of opening an RDSP online for my disabled child! I can now rest easy!

icon review happy
Sarah S.
5/5

An excellent service and a team that understands your needs!

Great service! It was very easy to complete the registration steps online. I am now relieved for my child's future.

icon review happy
Olivia L.
5/5

Ready to open an RDSP?
Start Now.