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Registered Disability Savings Plan

Provide security and stability for your loved ones with disabilities through a Registered Disability Savings Plan.

 

If you or a loved one is living with a disability, financial stability is certainly a thought that’s crossed your mind more than once. An uncertain physical or mental condition can lead to an uncertain future.

Once approved for the Disability Tax Credit, a disabled person may be eligible for the Registered Disability Savings Plan (RDSP). The RDSP offers families financial security for the futures of their loved ones with disabilities.

RDSP Eligibility

 

Sounds good, eh?

So what do you need to know before you seek an RDSP application? First, you’ll need to meet the RDSP eligibility criteria, which states:

  • You must be a resident of Canada.
  • You must be under the age of 60.
  • You must qualify for the Disability Tax Credit.

If you meet all three conditions, you may qualify for the RDSP. For a child with a disability, the parent has the authority to establish and manage the RDSP. Note that there’s also an upper cap limit of $200,000 that can be contributed in a lifetime, though there are no annual limits on these contributions. The RDSP has no restrictions on when the funds are used, or for what purpose; some taxes may be applicable on withdrawals.

Starting to get lost? We don’t blame you – it’s a multi-faceted process that starts with the Disability Tax Credit. Our in-house team of Benefits Specialists are experts at the Disability Tax Credit process and can get you started to become eligible for the RDSP.

For a free consultation, or more information on the Disability Tax Credit, call us today at 1-888-389-0080.

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Simply Fill Out the Form Below to See if You Qualify.

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We work on your behalf to ensure…

  • You receive the largest possible refund for your unique situation
  • All possible avenues that increase your refund are explored
  • All submissions and paperwork are properly completed
  • The process is fully explained to all participants
  • You do not have to deal with CRA

We Help Canadians receive up to

$50,000

from the Government!

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