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2. Disability Issues >
3. Disability Savings

Carry Forward Unused Grant and Bond Entitlements

The Government of Canada’s Budget 2010 announced a new carry forward (catch-up) measure to provide you with more flexibility when saving for the future.

As of January 2011, you are allowed to claim your unused grant and bond entitlements from the past 10 years (starting from 2008, the year Registered Disability Savings Plans [RDSP] became available). This applies if you already have an RDSP, or if you open an RDSP in January 2011 or later.

In order to apply for unused grant and bond entitlements, the beneficiary must currently be eligible to receive the grant and bond. Applications can be made until the end of the calendar year in which the beneficiary turns 49.

The amount of grant and bond you are eligible for depends on the beneficiary’s family income in those years. The grant amount that you receive also depends on how much is contributed to your RDSP. The matching rate will be the same as the one that would have applied if the contribution had been made in the year in which the grant entitlement was earned. Matching rates will be paid on RDSP contributions using up any grant entitlements at the highest available rate first, followed by any grant entitlements at lower rates.

Grants and bonds will be paid on unused entitlements, up to an annual maximum of:

• $10,500 for grants; and
• $11,000 for bonds.

The maximum amount of grant that will be paid over the beneficiary’s lifetime is $70,000. The maximum amount of bond that will be paid over the beneficiary’s lifetime is $20,000.

To open an RDSP and apply for the grant and bond, please contact one of the participating financial organizations.

Long-term disability savings

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Date Modified:

2012-01-26