Melissa Benoit

Registered Disability Savings Plan

Never heard of the Registered Disability Savings Plan (RDSP)? Not to worry, we're here to provide you with more information!

Canada has introduced the world’s first Registered Disability Savings Plan (RDSP) which is a plan designed specifically for people with disabilities in Canada. The RDSP became available in financial institutions in December 2008.  This new tax-deferred savings preparation is intended to assist parents and families in planning for the long-term financial security of their relatives with disabilities.

Do I qualify and where can I sign up?

If you are eligible for the Disability Tax Credit, are under the age of 60, have a valid Social Insurance Number (SIN), and have filed your tax return for the last two years, you are now eligible for a RDSP!  To find out more information please contact your CF social worker or visit the financial institutions listed below that are now currently offering the Registered Disability Savings Plan.

 

- Royal Bank of Canada - http://www.rbcroyalbank.com/products/rdsp/index.html

 

 

- Bank of Montreal (BMO Financial Group) - http://www4.bmo.com/investments/0,4629,35649_62330610,00.html

 

 

- Canadian Imperial Bank of Commerce (CIBC) - http://www.cibc.com/ca/investing/rdsp/index.html

 

 

- TD Canada Trust - http://www.tdcanadatrust.com/rdsp/index.jsp

 

 

- Scotiabank - http://scotiabank.com/cda/content/0,1608,CID13346_LIDen,00.html

 

 For some general information click on this link.