Registered Disability Savings Plan (RDSP)
The REEI is a powerful placement tool to promote the well-being of people with disabilities as well as members of their family. It constitutes a means of‘savings protected from income support cuts’. It offers a freedom of choice Since withdrawals require no justification, it allows for the implementation of advanced financial, estate, and human resource planning strategies.
Check your eligibility for the RDSP
Our questionnaire will determine if you, or a member of your family, may be eligible for the RDSP. Up to $90,000 in government vouchers and grants
RDSP: simple, effective and essential
Our RDSP Guide
Transfer your RDSP
Open an RDSP
Our Partnership with IA Private Wealth Management
RDSP: simple, effective and essential
It offers lasting financial security to people with disabilities and their families. The RDSP allows for long-term savings, without paying tax on investment growth and without the risk of losing other social benefits.
3 eligibility criteria:
- Eligibility for the Disability Tax Credit (DTC)
- Be under 49 years old to receive grants and bonds
- Be a Canadian resident at the opening of the plan and for each contribution
If you believe you are eligible for the DTC, Finandicap offers support.
Government contributions to the RDSP
- The government can contribute up to $90,000 to the RDSP in the form of grants and bonds
- Each year, up to $3,500 in grants and $1,000 in bonds can be received.
- Up to 10 years of retroactive payments can be received
Who can open a RdSP?
- Adult (18+) with a disability
- Parents of children with disabilities
- Legal representative
The RDSP belongs solely to the person with a disability. Only one RDSP can be opened per beneficiary.
Opening a Registered Disability Savings Plan (RDSP) with Finandicap means choosing unique expertise dedicated to people with disabilities. Created by and for people with disabilities, Finandicap offers personalized, supportive guidance, tailored to each individual’s situation. Our advisors are experts in the regulatory aspects of disability programs and offer free virtual consultations.
Our guide to complete RDSP
Please find attached our guide which includes:
1- The rules for subsidies and vouchers
2- Eligibility criteria
3- Best practices
4 – Examples of financial planning
(English translation will be uploaded shortly)
I wish to transfer my RDSP to Finandicap
Opt for a service that has proven itself: entrust us with your RDSP and benefit from specialist advice for people with disabilities.
Transferring your RDSP is simple and free. Being a client of ours allows you to benefit from all our services..
Leave us your contact information for more details
Opening my RDSP: a simplified process
We understand your situation and know that your days are very busy. Finandicap therefore offers you a simplified process for opening all your accounts.
Step 1 -Book an appointment online via our platform
Step 2 – Virtual meeting with your representative. During an online meeting, your representative:
- will explain it to you simply How does the RDSP work? and its main rules;
- will prepare with you a personalized savings plan with clear and appropriate objectives to your situation, which you can review every year.
You will then be able to sign easily online the documents for opening or transferring your RDSP.
Step 3 Your account is open.
- Your contributions will begin
- Government subsidies and vouchers, where applicable, will be deposited automatically.
- Regular follow-up will be provided by your representative.
An online meeting can facilitate the opening or transfer of your RDSP, simply and according to your preferences..
The importance of starting to contribute early and choosing the right investments
With the RDSP, every year counts: starting early helps maximize your money.
It has been observed that returns represent 75% to 90% of the total value of an RDSP after several years. Starting early allows savings to grow according to the principle of compound interest. Even small amounts can generate significant capital.
The question is often asked: should you open an RDSP at birth or wait until the child is 18? We did the calculation; in both cases, the parents maximized the RDSP each year, and the investments yielded an average return of 6%.
For similar savings, the results at age 60 speak for themselves. Our calculations clearly demonstrate this: the earlier you start, the better it is for the child’s future.
The importance of returns to grow your RDSP
Investments that offer greater growth potential but are subject to fluctuations are consistent with the long-term nature of an RDSP. The performance chart illustrates the same investments, but spread across different long-term return scenarios. It demonstrates that investing an RDSP in suitable long-term investments is advantageous.
AI Private Wealth Management for Financial Inclusion
Our partnership with iA Private Wealth Management : to offer people with disabilities and their families comprehensive, accessible and deeply humane financial solutions.
Why this partnership is beneficial for you
- A broader range of strategies and products. ETFs, discretionary management, responsible investments — in short, finally a choice that meets the unique needs of our families.
- Reduced management fees. More value in our customers’ pockets, less in costs.
- Increased protection. iA offers a robust infrastructure, high-level compliance, and recognized expertise.
- Enhanced management capacity. Our portfolios can now be adjusted quickly to seize opportunities or cushion market turbulence.
- An even more personalized service. Finandicap remains the heart of the relationship; iA becomes the force that amplifies our impact.
What this means for you
More freedom. More security. More tools to build a solid financial future, even in a system that wasn’t always designed with them in mind. Our partnership with iA allows us to go further: to support, protect, and guide each family with even greater rigor—and compassion.
Frequently Asked Questions
Yes, you can open an RDSP with Finandicap. Finandicap is an independent financial services firm specializing in RDSPs for people with disabilities and their families, supporting you from start to finish: confirming eligibility, choosing financial products, opening the account, and optimizing government grants and bonds. By booking an appointment with Finandicap, you benefit from personalized support, available online across Quebec and Canada, to set up an RDSP tailored to your situation and your long‑term financial security goals.
Absolutely. You may be eligible for Canada Disability Savings Bonds if your income is low. These bonds will be deposited into your RDSP.
The Registered Disability Savings Plan (RDSP) allows disabled people and their families to save in order to ensure a good quality of life in the long term.
In addition, to encourage Canadians to save, the Canada Disability Savings Grant (CDSG) multiplies contributions made annually for the benefit of a disabled person under the age of 49, up to an amount of $3,500 to reach a lifetime maximum of $70,000.
In addition, the Canada Disability Savings Bond (CDSB) is available to low-income individuals. This annual grant of $1,000, up to a lifetime maximum of $20,000, is available even if no contributions are made to an RDSP!
Did you know that nearly 750,000 Canadians would be eligible for the RDSP, but less than one in ten would be aware of the existence of this program?
To learn more,
The RDSP constitutes an economical and efficient means to transmit an inheritance:
- Amounts held in an RDSP have no impact on benefits for low-income individuals;
- The estate will save on taxes payable on RRSPs, up to the RDSP contribution limit, if these RRSPs are directly transferred as a bequest to an RDSP. The beneficiary must be the child or grandchild of the deceased and be financially dependent on them.
These estate planning elements can be very advantageous and even essential if the disabled heir receives social assistance benefits.
With a Finandicap advisor, you can discover several options that are within your reach!
We work together with iA Private Wealth Management to support disabled people and their relatives in opening and monitoring the RDSP.
To learn more,
However, we remind you that the RDSP is a way to save money protected from cuts to the Social Solidarity Program. It therefore becomes advantageous for a disabled person over 49 years of age, who could potentially inherit money before age 60, to open an RDSP.
The money you and your loved ones contribute to an RDSP is not taxable when a withdrawal is made. However, investment income, bonds, and grants are fully taxable upon withdrawal.
However, in most cases, the tax credits available to a disabled person will significantly reduce the taxes payable on withdrawals.
To avoid penalties for early withdrawals, you must wait ten years after the last grant payment. In most cases, when someone opens an RDSP for the benefit of a disabled person under 30, it is very likely that they will be able to withdraw the money before their 60th birthday.e birthday, and without penalty.
Furthermore, for those wishing to make a withdrawal before the 10-year waiting period, a new rule allows small withdrawals, subject to a reduced penalty. However, this penalty can be as high as 300% of the withdrawal amount.
To avoid penalties for early withdrawals, you must wait ten years after the last grant payment. In most cases, when someone opens an RDSP for the benefit of a disabled person under 30, it is very likely that they will be able to withdraw the money before their 60th birthday.e birthday, and without penalty.
Anyone can contribute to an RDSP with the plan holder’s permission. It’s important to remember that the RDSP does not provide any benefit to the contributor. The benefit lies in the grant that will be paid to the person with a disability.
To be eligible, you must meet the following criteria:
- The beneficiary must have a valid social insurance number.
- The beneficiary must be a Canadian resident under the age of 60 and be eligible for the federal disability tax credit;
- The beneficiary must be 49 years of age or younger to be eligible for the subsidies;
Yes. Many people who had already opened an RDSP with another financial institution choose to transfer it to a Finandicap advisor to benefit from the personalized advice of our team dedicated to services for people with disabilities. The transfer is simple and free of charge.
To discuss this further, please call us at 514-504-REEI or 1-877-907-7377.