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2. Disability Issues >
3. Disability Savings

Canada Disability Savings Grant

Helping you save

The Canada Disability Savings Grant is a matching grant that the Government will deposit into your Registered Disability Savings Plan (RDSP) to help you save. The Government provides matching grants of up to 300%, depending on the amount contributed and the Beneficiary's Family Income. The maximum grant is $3,500 each year, with a limit of $70,000 over your lifetime. Grants are paid into the RDSP until the end of the calendar year in which you turn 49 years old.

You must apply for the grant at the Financial Organization where you have your RDSP.

Eligibility

After opening an RDSP, you must meet the following requirements to apply for a grant:

• be 49 years of age or under (if you are 49, you must apply before the end of the calendar year in which you turned 49);
• be a Canadian resident;
• have a Social Insurance Number (SIN);
• be eligible for the Disability Tax Credit (Disability Amount);
• make contributions to your RDSP; and
• for beneficiaries over 18 years of age:
  • file your personal income tax returns for the past two years and all future taxation years to qualify for the 200% and 300% matching grant;
• for beneficiaries under 18 years of age:
  • parents or guardians must file their income tax returns for the past two years and all future taxation years, and apply for the Canada Child Tax Benefit to qualify for the 200% and 300% matching grant.

Grant amount

If the Beneficiary's Family Income is less than or equal to $85,414:

• For the first $500 contributed each year to the RDSP, the Government will deposit $3 for every $1 contributed, up to $1,500 a year.
• For the next $1,000 contributed each year to the RDSP, the Government will deposit $2 for every $1 contributed, up to an additional $2,000 a year.

If the Beneficiary's Family Income is greater than $85,414:

• For the first $1,000 contributed each year to the RDSP, the Government will deposit $1 for every $1 contributed, up to $1,000 a year.

Note: Income amounts shown are for 2012. The income amounts are updated each year based on the rate of inflation.

Example

Long-term disability savings

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Date Modified:

2012-03-13