Get the Most of Your Registered Disability Savings Plan (RDSP)

A Registered Disability Savings Plan (RDSP) helps eligible individuals build long-term financial security. This government-backed program provides grants and bonds to support savings for the future.

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What is an RDSP?

A Registered Disability Savings Plan (RDSP) is a tax-free account that helps people with disabilities save for the future. Investment income earned within the plan is not subject to tax, allowing funds to grow over time. Withdrawing money from an RDSP does not change your eligibility for government benefits. Thus making this a flexible tool for long-term planning.

Explore Types of RDSP solutions

RDSPs come in different types that meet specific financial needs and preferences. Knowing these options can help account holders make smart choices about their savings plan.

Individual RDSP

This option allows an eligible beneficiary to open and manage an RDSP independently. The individual fully controls contributions and withdrawals. This makes it a superb option for those who are confident in their financial choices.

Family RDSP

A family member, such as a parent or legal guardian, can open and manage an RDSP – on behalf of an eligible individual. This setup is perfect for beneficiaries needing help with financial planning and management.

Trust RDSP

A trust can hold an RDSP for a qualifying beneficiary that adds extra financial security. This arrangement works well for those who need help with managing their finances for long-term care.

Why Choose RDSP With Us

Our team focuses on RDSP solutions, helping individuals and families secure their financial future. With expert guidance and personalized service, we make the process smooth and stress-free.

Custom solutions for unique needs

Our specialists recognize that no two clients are alike. We customize our RDSP management - each plan meets the unique needs of individuals with disabilities and their families. It does not matter if you are getting ready for long-term care or saving for your goals. Our advisors will help you make a plan that reflects your vision for the future.

Comprehensive knowledge of legislation

To handle disability savings concerns, you need to understand the laws and financial policies. Our team keeps up with the latest changes in government programs, grants and bonds. This way, clients can take advantage of every opportunity available.

Simplified tax reporting

We help RDSP holders with tax matters and guide clients through annual reporting, tax credits, and deductions (linked to their RDSPs). We want our valued clients to enjoy all the benefits of their RDSP without any extra difficulties.

Access to additional resources

We offer clients more than just RDSP solutions. They can access resources to cover retirement planning, insurance choices and investment strategies as well. This well-rounded approach ensures that all aspects of their financial future are addressed.

Client education and empowerment

We empower our clients by giving them the knowledge to make smart choices. We help them see the full potential of their RDSPs and other financial tools. We do this through educational resources, workshops and one-on-one consultations.

Seamless integration with financial tools

Our team helps clients fit their RDSPs into a bigger financial plan. This way, it works well with other savings and investment strategies. We help you discover synergies between RDSPs and other financial tools, such as RESPs, RRSPs and pensions. This way, you can optimize your overall financial position.

How to get the most of your RDSP

The process of getting a RDSP in Canada is simple – just follow these easy steps below:

Step 1. Consultation

Our Financial Advisors assess your financial needs and find suitable solutions. We discuss your concerns and suggest the best option for you.

Step 2. Application

Our team ensures a smooth application experience, preparing and submitting the paper work for you.

Step 3. Approval & Coverage

When your RDSP account gets approved, you receive your account documents and complete details as well as secure online access.

Useful FAQs About Registered Disability Savings Plan

Who is eligible to open a RDSP?
To open an RDSP, you must be a Canadian resident, under 60 and qualify for the Disability Tax Credit (DTC). A legal guardian or parent may open an RDSP on behalf of a minor or dependent adult.
RDSP accounts can hold different types of investments. They help account holders have a varied portfolio that meets their financial ambitions.

Unused contribution room accumulates and can be carried forward. You can apply for government grants and bonds retroactively for up to ten years. This can help eligible beneficiaries get competitive financial support.

Withdrawals consist of personal contributions and Government assistance. Personal contributions are tax-free. On the flip side, Government grants and bonds get taxed when withdrawn. The tax rate depends on the beneficiary’s income level.
If the beneficiary passes away, the RDSP will close and any leftover funds go to the estate. Government contributions will be returned, and personal contributions (and investment earnings) go to the chosen beneficiaries or the estate.
Contact us today to discuss your needs and explore available portfolios to begin the application process. Our team will answer your questions and take you through the whole process.