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Registered Disability Savings Plans
The Registered Disability Savings Plan is a new plan that will allow funds to be invested tax-free until withdrawal. It is intended to help parents and others to save for the long-term financial security of a child with a disability. The plan structure is similar to a Registered Education Savings Plan.
Contributions to an RDSP will be eligible for the new Canada Disability Savings Grant. There is also a new Canada Disability Savings Bond for individuals with lower family net incomes.
For information from the federal government related to RDSP's, please go to the following website:
On November 30, 2008, the Government of Ontario announced its support for Registered Disability Savings Plans in a news release on its website. This link provides the government's announcement as well as other links of interest. The link to this release is: