Skip Ribbon Commands
Skip to main content
Get Smarter About Money.ca

RDSPs (for disabilities)

Search
Home > Managing your money > Investing > RDSPs (for disabilities) > If the beneficiary dies
Print Print
Text Size A A A

If the beneficiary dies

​If the beneficiary dies, their estate must close the RDSP.

Closing the RDSP

The RDSP must close by December 31 following the calendar year in which the beneficiary dies. The beneficiary’s estate will:

  • have to repay any government grants and bonds that haven't been in the RDSP for at least 10 years, and
  • receive any funds left in the RDSP after any government grants and bonds are repaid.

The estate may also have to pay tax on the portion of the funds that comes from investment earnings and any government grants or bonds held in the RDSP for more than 10 years.

Key point

The beneficiary's estate must repay any government grants and bonds that have been in the RDSP for less than 10 years.