Registered Disability Savings Plan

Make the most of your savings with an RDSP

A Registered Disability Savings Plan (RDSP) provides long-term tax-sheltered savings and can trigger qualifying contributions of up to $90,000 in government grants and bonds over its lifetime.

Funds held in an RDSP account can be invested in products like term deposits or mutual funds*. We’re here to help you navigate opening an RDSP for yourself or your child and to guide you to investments that will help with saving for the future.

How it works

Eligible Canadians who qualify for the federal disability tax credit can receive up to $4,500 annually in grants and bonds through:

The Canada Disability Savings Grant: a matching grant of up to 300%
The Canada Disability Savings Bond: receive up to $1,000 a year
A $150 contribution from Endowment $150 through Vancouver Foundation

There is no annual contribution limit, but the lifetime limit is $200,000. Grant and bond money going back to 2008 may be claimed by eligible recipients. Contributions can be made by anyone with the written permission of the plan holder. There is no impact on other government tax and disability benefits for BC beneficiaries.

More Resources

See what’s new on the Canada Revenue Agency website.

Your Guide to Understanding the RDSP (PDF)

*Terms and conditions of government programs are subject to change at any time by the federal or applicable provincial government.

Ready to talk about saving for your future?

Book an in-person or phone appointment with a local financial services representative today.

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*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds and other securities are not guaranteed, their values change frequently and past performance may not be repeated.

First Credit Union operates on the traditional territories of the Coast Salish Peoples, specifically the K’òmoks, Klahoose, Tla’amin and Squamish Nations