A Registered Disability Savings Plan (RDSP)
is a savings program created by the federal government to encourage
and assist Canadians with disabilities and/or their families to
save for long-term financial needs. The plan allows savings to grow in a tax-deferred
environment, similar to other registered savings plans such as
RESPs and RSPs. The RDSP can also increase savings, as the plan is
eligible to receive
government assistance in the form of — - grants totalling up to $70,000; and
- bonds totalling up to $20,000.
Making ContributionsContributions can be up to a lifetime limit
of $200,000. Contributions are made with after-tax dollars and are
not tax-deductible. As well — - Others, such as friends and family, can
contribute with the written permission of the plan holder
- Deposits/contributions can be made up
until the end of the year the beneficiary turns 59
- All contributions made to an RDSP are
non-refundable
Contact us todayIf you would like to find out more about
enhancing your financial success over the long term, please
contact the Investment Advisor nearest you to arrange a meeting
or call 1-866-280-2022. | 
