Is a Registered Disability Savings Plan (RDSP) right for you?

Michael Callahan
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When you or someone you love lives with one or more significant disabilities, healthcare and living expenses typically cost more than for the average Canadian. The Registered Disability Savings Plan or RDSP can be an effective way to plan and save for long-term, future costs.

To view a more accessible and detailed version of this information, please see Registered Disability Savings Plan.

Graphic with icons showing that the main benefits of RDSPs are tax-deferred savings growth, government grants and bonds, and flexibility to use the funds for healthcare or any other expenses.
Graphic with icons explaining that the plan holder is the person who opens and manages the RDSP, typically the beneficiary's caregiver. To be a beneficiary, you must be a Canadian resident under the age of 60, have a valid Social Insurance Number.
Graphic with icons explaining how RDSPs work. Anyone can contribute to an RDSP until the beneficiary turns 59. Contributions are not tax-deductible, but investments grow on a tax-deferred basis. There is no annual contribution limit,
Graphic with icons explaining that RDSP funds can be withdrawn at any time and must begin the year the beneficiary turns 60. A portion of the RDSP playments is taxed as income. Grants or bonds that do not meet certain criteria may need to be returned.

How we can help

Talk with an Edward Jones advisor to find out if a Registered Disability Savings Plan can help you save for future healthcare and living expenses, and if it makes sense for your unique situation.