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RDSP Grants and Bonds

One of the best things about the Registered Disability Savings Plan (RDSP) is the potential to receive government assistance in the form of grants and bonds, which help speed up the savings within the plan.

Canada Disability Savings Grant (CDSG)

The CDSG is an incentive that the Government contributes to an RDSP. Personal contributions attract government matching, and family income determines the rate at which contributions are matched. The CDSG provides matching contributions of up to $3,500 annually until December 31 of the year the beneficiary turns 49 (up to a $70,000 lifetime limit).

Canada Disability Savings Grant (CDSG) : Table
Family Net Income1 Contributions Grant Annual Maximum Lifetime Limit
$106,717 or less On the first $500 $3 for every $1 contributed $1,500 $70,000
On the next $1,000 $2 for every $1 contributed $2,000 $70,000
Greater than $106,717 (or no income tax return) On the first $1,000 $1 for every $1 contributed $1,000 $70,000
1) 
Family net income is based on the income of the parents until December 31 of the year the beneficiary reaches age 18 and on the family net income of the beneficiary (and their spouse or common-law partner) beginning the year the beneficiary reaches age 19.
Income amounts shown are for 2023 based on income tax returns filed for the 2021 tax year. Family income from 2 years prior is used for assessing a potential bond or grant. This means that beneficiaries will have to file tax returns beginning the year they reach age 17 if they wish to receive the maximum grant and bond in the year they reach age 19.

Canada Disability Savings Bond (CDSB)

Regardless of whether RDSP contributions are made, lower income families may qualify for the CDSB. The bond can be paid into an RDSP up until December 31 of the year in which the beneficiary turns 49 (up to a $20,000 lifetime limit.)

Canada Disability Savings Grant (CDSG) : Table
Family Net Income1 Annual Bond Amount Lifetime Limit
$34,863 or less $1,000 $20,000
Between $34,863 and $53,359 $1,000 is reduced on a prorated basis $20,000
More than $53,359 (or no income tax return) No bond is paid N/A
1) 
Family net income is based on the income of the parents until December 31 of the year the beneficiary reaches age 18 and on the family net income of the beneficiary (and their spouse or common-law partner) beginning the year the beneficiary reaches age 19.
Income amounts shown are for 2023 based on income tax returns filed for the 2021 tax year. Family income from 2 years prior is used for assessing a potential bond or grant. This means that beneficiaries will have to file tax returns beginning the year they reach age 17 if they wish to receive the maximum grant and bond in the year they reach age 19.

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Disclaimer: 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.
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