Registered Disability Savings Plan (RDSP)

What it is

A long-term savings account for people approved for the DTC. The government pays in grants (matching what you put in) and bonds (free money for lower incomes) — potentially tens of thousands of dollars over time.

Who it is for

One of the best-value benefits available. Open one at most banks or credit unions after you're approved for the DTC.

Amount or value

Up to $3,500 grant + $1,000 bond per year (free government money)

How to apply

1. Get approved for the DTC first.
2. Choose a bank or credit union that offers RDSPs.
3. Open the plan with your SIN and DTC approval.
4. Contribute if you can — but even $0 contributions still earn the bond if your income is low.

What you may need

• Your SIN and DTC approval
• Be a Canadian resident under age 60

Practical tips

• The bond (up to $1,000/year) requires NO contribution from you — don't leave it on the table.
• Grants can match up to 300% — for lower incomes, the first $500 you put in can become $1,500.
• Ask the bank specifically for an 'RDSP' — front-line staff sometimes aren't familiar with it.

Timing

Can be opened same-day once you have DTC approval.

Phone

RDSP info: 1-866-204-0357