Registered Disability Savings Plan

A long-term savings plan to help Canadians with disabilities save for the future

Contributions to a RDSP are not tax deductible and can be made until the end of the year in which the beneficiary turns 59.
Contributions that are withdrawn are not included as income to the beneficiary when they are paid out of a RDSP.

Anyone can be the beneficiary of a RDSP if they:

  • Are eligible to claim the Disability Tax Credit and have gotten approval from the Canada Revenue Agency (CRA)
  • Have a valid social insurance number (SIN)
  • Are a permanent resident of Canada when the plan is opened
  • Will be 59 or younger on December 31 of the year the plan is opened

The parent or caregiver can contribute up to $200,000 to the RDSP, with no annual contribution limit. Other people can also put money into the RDSP if they have written consent from the account holder. The federal government will match up to a certain amount of every deposit into the plan.

RDSP contributions are not tax deductible. People can contribute until:

  • The beneficiary turns 59 years old
  • Contributions to the plan reach $200,000
  • The beneficiary no longer qualifies for the Disability Tax Credit
  • The beneficiary no longer lives in Canada (for tax purposes)
  • The beneficiary dies

Having a RDSP or withdrawing from it doesn't affect other federal government benefits or programs such as Old Age Security (OAS), Guaranteed Income Supplement

Our Wealth Specialists can answer your questions and get your RDSP in place, call us!

Dawn Perrin

Mutual Funds Investment Specialist
Credential Asset Management Inc.
(306) 768-1408

Karissa Little

Mutual Funds Investment Specialist
Credential Asset Management Inc.
(306) 768-1407

Karla Morris

RIS, Insurance Advisor/Investment Advisor
Credential Financial Strategies Inc. & Credential Securities
(306) 862-8160

Sheri Baker

Mutual Funds Investment Specialist
Credential Asset Management Inc.
(306) 765-1323

Trina Holmes

Mutual Funds Investment Specialist
Credential Asset Management Inc.
(306) 862-0747


Danielle Robert

Wealth Specialist
Diamond North Credit Union
(306) 724-8376

Set your children up for success with a RESP

The earlier the start, the better potential for growth.

Meet with a Wealth Specialist

Enlisting the help of a Wealth Specialist is an effective way to ensure your financial goals, as well as your overall financial health, are on the right track.
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