Keith
The Registered Disability Savings Plan (RDSP) is one of the most powerful ways for Canadians with disabilities to build long-term financial security.
Managed by the Canada Revenue Agency (CRA), this program helps eligible individuals and their families save money for the future — with added government grants, bonds, and tax-free growth.
In 2025, the CRA has made the RDSP eligibility rules clearer, ensuring more people can access the program’s full benefits. Whether you’re a person with a disability or a caregiver planning for a loved one, understanding how the RDSP works can make a major difference in your financial future.
CRA RDSP 2025 Key Details
| Category | Information |
|---|---|
| Program Name | Registered Disability Savings Plan (RDSP) |
| Country | Canada |
| Managed By | Canada Revenue Agency (CRA) |
| Year | 2025 |
| Eligibility | Disability Tax Credit (DTC) + Under 60 years |
| Extra Provincial Support | Newfoundland & Labrador – up to $1,200 yearly |
| Official Website | www.canada.ca |
CRA RDSP Eligibility 2025
To qualify for the Registered Disability Savings Plan (RDSP) in 2025, you must meet these basic requirements:
- Age Limit: Must be under 60 years old when opening the account.
- Residency: Must be a Canadian resident when opening the plan and when making contributions.
- Disability Tax Credit (DTC): Must be approved for the DTC certificate.
- Social Insurance Number (SIN): A valid SIN is required.
- Income Level: The amount of grants and bonds you receive depends on your family’s net income.
CRA RDSP Benefits 2025
The RDSP is packed with benefits that make it one of the best savings options for people with disabilities:
1. Government Grants
You can receive up to 300% in matching contributions from the federal government:
- 300% match on the first $500 you contribute.
- 200% match on the next $1,000.
- Lifetime maximum grant: $70,000.
2. Disability Savings Bond (CDSB)
Even if you cannot contribute, you may still get a $1,000 annual bond, up to a lifetime limit of $20,000.
3. Tax-Free Growth
All investment growth inside the RDSP is tax-free, and while withdrawals are taxed as income, your original contributions remain tax-free.
4. No Repayment Required
You never have to repay your personal contributions.
5. Flexible Withdrawals
You can use the funds for any purpose that benefits the person with the disability — no restrictions.
6. Long-Term Security
The RDSP provides financial independence and peace of mind, helping families plan for a secure future.
How to Open and Manage an RDSP in 2025
Follow these simple steps to open and manage your CRA Registered Disability Savings Plan:
- Check Eligibility – Ensure the beneficiary qualifies for the Disability Tax Credit (DTC) and has a valid SIN.
- Choose a Plan Holder – If the person is under 18, a parent or guardian must open the account. Adults (18+) can open their own.
- Select a Financial Institution – Choose a bank, credit union, or approved provider offering RDSP accounts.
- Gather Required Documents – Provide proof of age, residency, SIN, and DTC certificate.
- Open the Account – Complete the RDSP application form with your financial institution.
- Make Contributions – Start contributing to earn government grants.
- Apply for Grants and Bonds – Your financial institution will help you apply for the Canada Disability Savings Grant (CDSG) and Bond (CDSB).
- Manage and Grow Investments – Monitor and plan withdrawals when needed for future expenses.
The CRA Registered Disability Savings Plan (RDSP) 2025 is much more than a savings program — it’s a lifeline for Canadians with disabilities. It combines family contributions, government grants, and tax-free growth to secure a financially stable future.
If you or your loved one qualifies for the Disability Tax Credit, now is the time to explore and benefit from this life-changing plan.
FAQs
Who can open an RDSP in 2025?
Anyone under 60 who qualifies for the Disability Tax Credit and has a valid Social Insurance Number.
What is the lifetime government grant limit?
The Canada Disability Savings Grant offers up to $70,000 in total matching contributions.
Can I get a Disability Savings Bond without contributing?
Yes. You can receive up to $1,000 annually (lifetime $20,000) even if you do not make contributions.