1. Canada Disability Savings Grant
- The government provides matching contributions of 100%, 200% or 300% – up to $3,500 annually – on contributions made to an RDSP.
- The grant is paid until the end of the year the beneficiary turns 49.
- The grant amount depends on the annual contribution 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|
|$91,831||On the first $500
On the next $1000
|$3 for every $1 contributed
$2 for every $1 contributed
|More than $91,831 (or no tax return)||On the first $1,000||$1 for every $1 contributed||$1,000|
*Family income threshold shown is for 2017. Amounts are indexed each year for inflation.
Qualifying for grants and bonds
You have to make contributions to the RDSP to be eligible for government grants. You don’t have to make contributions to be eligible for bonds. Learn more about grants and bonds.
2. Canada Disability Savings Bond
- You don’t have to make contributions to your RDSP to be eligible for bonds.
- To qualify in 2017, the family income of the beneficiary can’t be more than $45,916 a year.
- The amount of 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 depends on your net family income. The maximum bond per year is $1,000, until the end of the year 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 turns 49.
- There is a $20,000 lifetime limit for a beneficiary.
|Family income*||Amount of bond|
|$30,000 or less||$1,000|
|Between $30,000 and $45,916||$1,000 is reduced on a pro-rated basis|
|More than $45,916 (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)||No bond is paid|
*Family income threshold shown is for 2017. 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.
Carrying forward unused grant and bond entitlements
You can carry forward any unused annual grant and bond entitlements for 10 years, going back to 2008 when RDSPs were introduced. You can also make catch-up contributions for these years in order to qualify for matching government grants. Here’s how it works:
- It doesn’t matter how long you’ve held the RDSP. You can open it now, and still claim for grants and bonds going back as far as 2008. You can claim unused grants and bonds up to an annual maximum of:
- $10,500 for grants
- $11,000 for bonds
- The lifetime limits of $70,000 for grants and $20,000 for bonds still apply.
- The grants and bonds will be based on your family income in the year that you are claiming for.
Maximum government contributions to an RDSP:
- $70,000 in grants
- $20,000 in bonds
Claim for unused grants and bond entitlements going back to 2008 – even if you’ve just recently opened your RDSPRDSP See Registered Disability Savings Plan.+ read full definition.