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The Registered Disability Savings Plan (RDSP) is here!

  • February 8, 2009
  • David Baker
  • Comments Off on The Registered Disability Savings Plan (RDSP) is here!

As of August 1, 2022, bakerlaw has joined forces with Ross & McBride LLP.
Our team is excited to become part of the formidable group of human rights, employment, and constitutional lawyers at Ross &smp; McBride. Our current and future clients will continue to receive the personalized, high-quality representation that has become synonymous with bakerlaw, and will benefit from the collaborative, cross-functional approach to complex issues that both we and Ross & McBride value. With the added resources of larger, full-service firm, this collaboration will allow us to take on new clients for the first time since October 2021. If you are seeking legal advice, please contact us at contact@rossmcbride.com.

The content on this page is no longer being updated here. For news and updated content you can find it on the Ross & McBride News page.

The RDSP is a long-term savings vehicle designed for people with disabilities. As an incentive for people to set up an RDSP and contribute into the plan, the Government of Canada has created the Canada Disability Savings Grant and the Canada Disability Savings Bond. Depending on an individual’s income level, a $1,500 contribution could result in an additional $4,500 in government contributions per year. Anyone who is eligible for the Disability Tax Credit can set up a plan. The Bank of Montreal is the only national bank currently offering the RDSP. You can contact BMO to set up an RDSP at 1-800-665-7700. In order to qualify for the 2008 Grant and Bond, you must open an RDSP by March 2, 2009.

More information is available in PDF or plain text format.

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