The federal government makes contributions to RDSPs under two programs: the Canada Disability Savings Grant (CDSG) and the Canada Disability Savings Bond (CDSB).
The grant, CDSG, offers matched contributions of different amounts depending on the beneficiaryBeneficiary The person(s), institution, trustee or estate you choose to give money, property or other benefits when you die. You may name beneficiaries in your will, insurance policy, retirement plan, annuity, trust or other contracts.+ read full definition’s family net income.
The bondBond A kind of loan you make to the government or a company. They use the money to run their operations. In turn, you get back a set amount of interest once or twice a year. If you hold bonds until the maturity date, you will get all your money back as well. If you sell…+ read full definition, CDSB, is an amount paid once a year to low-income Canadians with disabilities.
Canada Disability Savings Grant (CDSG)
- The government matches contributions of 100%, 200% or 300% — up to $3,500 annually — on contributions you make to an RDSPRDSP See Registered Disability Savings Plan.+ read full definition.
- The grant is paid until the end of the year the beneficiary turns 49.
- The grant amount depends on the annual contributionContribution Money that you put into a savings or investment plan.+ read full definition amount and the family income of the beneficiary.
- Family income is based on the income of the parents until the year the beneficiary reaches age 18, and on the income of the beneficiary (and their spouse) beginning the year the beneficiary reaches age 19. Learn more about how family income is calculated.
- There is a $70,000 lifetime grant limit for a beneficiary.
|Family Income*||RDSP contributions in a year||How a grant is calculated||Maximum grant|
|$98,040||On the first $500
On the next $1000
|$3 for every $1 contributed
$2 for every $1 contributed
|More than $98,040 (or no taxTax A fee the government charges on income, property, and sales. The money goes to finance government programs and other costs.+ read full definition return)||On the first $1,000||$1 for every $1 contributed||$1,000|
*Family income threshold shown is for 2022. Amounts are indexed each year for inflationInflation A rise in the cost of goods and services over a set period of time. This means a dollar can buy fewer goods over time. In most cases, inflation is measured by the Consumer Price Index.+ read full definition.
QUALIFYING FOR GRANTS AND BONDS
You must contribute to the RDSP to be eligible for government grants. You don’t have to contribute to the RDSP to be eligible for bonds. Learn more about grants and bonds.
Canada Disability Savings Bond (CDSB)
- You don’t have to make your own contribution to an RDSP to be eligible for the CDSB bond.
- To qualify in 2022, the family income of the beneficiary can’t be higher than $45,916 a year.
- The amount of the bond depends on your net family income. The maximum bond per year is $1,000, until the end of the year the beneficiary turns 49.
- There is a $20,000 lifetime limit for a beneficiary.
|Family income*||Amount of bond|
|$32,028 or less||$1,000|
|Between $32,028 and $49,020||$1,000 is reduced on a pro-rated basis|
|More than $49,020 (or no tax return)||No bond is paid|
*Family income threshold shown is for 2022. Amounts are indexed each year for inflation.
Carrying forward unused grant and bond entitlements
You can carry forward any unused annual grant and bond entitlements for 10 years. You can also make catch-up contributions for these years to qualify for matching government grants.
When it’s necessary to repay the grant and bond
Received government grants and bonds must be repaid if one of the following events occurs during the preceding 10 years:
- The RDSP is terminated
- The plan ceases to be an RDSP
- The beneficiary dies
Maximum government contributions to an RDSP:
$70,000 in grants
$20,000 in bonds