You are looking to ensure the long-term financial security of a person with a severe and prolonged disability must eligible for the disability tax credit.
You want to save this money for yourself or another person, for example, a child or spouse.
The beneficiary is under 60 years of age

Outlines

Main feature :Allows you to build financial security for yourself or your loved ones with severe and prolonged disabilities

Maximum contribution :$200,000 for life

Contributions may qualify beneficiary for :

Canada Disability Savings Grant (CDSG) of up to $3,500 per year and a lifetime maximum of $70,000 More details
Canada Disability Savings Bond (CDSB) of up to $1,000 per year and a lifetime maximum of $20,000, with no contributions More details

Features


Investment options	Guaranteed fixed-rate investments Market-linked guaranteed investments RDSP Regular Savings Account
Deposit amount and frequency	Periodic payments of $100 Minimum payment frequency: monthly Since earnings grow tax-free, it is best to invest at the beginning of the year.
Beneficiaries	The plan must have only one beneficiary. This beneficiary may only have a single plan at any one time.
Other	Contributions may qualify beneficiary for:a Canada Disability Savings Grant (CDSG)a Canada Disability Savings Bond (CDSB) CDSG and CDSB amounts depend on the beneficiary’s net family income.

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