Registered Disability Savings Plan
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The Registered Disability Savings Plan is designed specifically for people with disabilities in Canada. The first of its kind in the world, this is a long term savings plan which includes a government grant and bond (depending on income), and is in addition to most provincal income assistance benefits.
If you are a Canadian resident under age 59 and are eligible for the Disability Tax Credit (Disability Amount), you are eligible for an RDSP. Earnings accumulate tax-free, until you take money out of your RDSP. Parents or guardians may open an RDSP for a minor. With written permission from the holder, anyone can contribute to the RDSP.
You may be eligible to receive annual grants of up to $3,500 depending on your contribution and family income. Even with no financial contribution, you may be eligible to receive up to $1,000 every year of up to 20 years. The plan does not affect federal or provincial disability pensions or assistance and anyone can contribute to your plan
Call us for more information at 250-758-5547.
Visit the plan Website:
http://www.hrsdc.gc.ca/eng/disability_issues/disability_savings/index.shtml
The Nanaimo
and Region Disability
Resource Centre Association
250-758-5547
