A Registered Disability Savings Plan (RDSP) account is a government-sponsored savings plan designed to help Canadians with disabilities save for their long-term financial security. It provides tax-deferred growth, grants and bonds to help families of those with disabilities build a secure financial future. Contributing to an RDSP can be a great way to ensure that your family member with a disability is provided for after you’re gone, or to provide financial support during their lifetime. Contributions to the RDSP are not taxable and the money can be used for anything from day-to-day living expenses, to education and medical costs. With an RDSP, you’re taking a proactive approach towards providing financial security for your loved one with a disability for years to come.

Opening an RDSP for your family member with disabilities is a great way to ensure long-term financial security. With the tax-deferred growth, grants and bonds, you can provide your loved one with a secure financial future. Contributing to an RDSP also allows you to take advantage of government benefits like the Canada Disability Savings Grant and Canada Disability Savings Bond, which can provide up to $90,000 in additional funds over the lifetime of the plan. Opening an RDSP is a great way to ensure that your loved one with disabilities is provided for after you’re gone, or to provide financial support during their lifetime.