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Registered Disability Savings Plan (RDSP)

Benefits of an RDSP

  • Defer Tax on Investment Income

    Taxes on investment income and capital gains earned are deferred while in the RDSP, helping the plan to grow faster.

  • Use Funds for Anything

    Funds can be withdrawn for any purpose that benefits the person with the disability. Plus, family and friends can contribute to the plan with the written consent of the plan holder.

  • Get Government Contributions

    The Federal Government will match your contributions (limits apply1) up to $70,000 in Canada Disability Savings Grants and low-income families may qualify for additional help of up to $20,000 in Canada Disability Savings Bonds.

Save Faster with a Regular Contribution Plan

With a regular, pre-authorized contribution plan (RDSP-Matic®) you can save automatically without even thinking about it!

  • Get started with as little as $25 per week
  • Contribute weekly, bi-weekly, monthly—you choose
  • Contributions are automatically debited from your chequing or savings account
Get Started

Fees, Contribution Rules, & More

RDSP Rules and Eligibility

Get a quick overview of RDSP rules, including who can qualify for the plan.

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RDSP Grants and Bonds

See how government grants and bonds could help you save even faster.

Learn More
RDSP Fees

If you wish to transfer your current RDSP to a company outside RBC (and its subsidiaries), a $150 fee will apply.

Learn more

RDSP FAQs

Explore top RDSP questions.

An RDSP beneficiary must have a valid Social Insurance Number (SIN) and be:

  • Eligible for the Disability Tax Credit (DTC)—for details on the DTC, visit the Canada Revenue Agency (CRA)
  • A Canadian resident when the plan is set up and when each contribution is made
  • Under age 60 when the plan is opened, since contributions cannot be accepted after the end of the year the beneficiary turns 59

You can open an RDSP and be the plan holder if you are:

  • A person with a disability who is the age of majority and has the capacity to manage his or her finances; or
  • The legal parent of a child with a disability who has not reached the age of majority; or
  • A guardian or other representative who is legally authorized to act on behalf of a person with a disability

There is not an annual limit; however, there is a lifetime limit of $200,000.

An RBC RDSP can hold a variety of investments, including Guaranteed Investment Certificates (GICs), mutual funds, portfolio solutions and savings deposits.

View All FAQs Managing your RDSP online

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Open or contribute to an RDSP!

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The Canada Disability Savings Grant provides matching contributions of 100%, 200% or 300% annually up to a maximum of $3,500 and a lifetime limit of $70,000. The Canada Disability Savings Bond provides up to $1,000 a year depending on the beneficiary’s family income. There’s a lifetime limit of $20,000.

This material is intended as a general source of information only, and should not be construed as offering specific tax, legal, financial or investment advice. Every effort has been made to ensure that the material is correct at time of publication, but we cannot guarantee its accuracy or completeness. Interest rates, market conditions, tax rulings and other investment factors are subject to rapid change. Individuals should consult with their personal tax advisor, accountant or legal professional before taking any action based upon the information contained in this material.

Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.
Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.