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2. Disability Issues >
3. Disability Savings

Beneficiary's Family Income

Calculation of the beneficiary's family income depends on the beneficiary's age.

Age 18 and under

From birth to December 31 of the year the beneficiary turns 18, the beneficiary's family income is based on the income information used to determine the Canada Child Tax Benefit (CCTB) for that beneficiary. To determine the amount of the grant and bond to be paid in that year, income information from the January Eligible Individual is used.

The January Eligible Individual is either

• the person (usually a parent) who is eligible for the CCTB payments in the month of January (or the first payment in the year of the request); or
• the department, agency or institution that receives the allowance payable under the Children's Special Allowance Act.

To provide this income information, the individual who is receiving the CCTB in January of the specified year (January Eligible Individual) must complete Part C of the application form for the grant and bond and give his or her Social Insurance Number (SIN) (see Forms).

If the beneficiary is under the care of a department, agency, or institution for at least one month in the year, the department, agency, or institution that receives the allowance payable under the Children's Special Allowances Act (January Eligible Individual) must complete Part C of the application form for the grant and bond, and provide the business number (see Forms).

Age 19 until RDSP closure

Beginning the year the beneficiary turns 19 until the RDSP is closed, the beneficiary's family income is based on his or her income plus his or her spouse's income.

To qualify for the bond and to earn a matching grant of $3 or $2 for every $1 contributed, the beneficiary must file income tax returns for the past two years and all future taxation years when he or she has an RDSP.

Long-term disability savings

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Date Modified:

2011-07-26