What is the RDSP?

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The RDSP is a long term savings plan to help Canadians with disabilities and their families save for the future. To open a RDSP, a person must be approved for the Disability Tax Credit, be a resident of Canada, have a Social Insurance Number, and be under the age of 60 years.

What is the Disability Tax Credit (Disability Amount)?

The Disability Tax Credit is a non-refundable credit that reduces the amount of income tax that an individual with a severe and prolonged  disability may have to pay. A qualified practitioner must certify that an individual has an impairment that is both severe and prolonged with effects in one of these categories:

1. Impairment with mental or physical functions that has lasted, or is expected to last, for a continuous period of at least 12 months;
   
2. Marked restriction in a basic activity of daily living;
   
3. Life-sustaining therapy; or
   
4. The cumulative effect of significant restrictions.
   

For more information about the Disability Tax Credit, visit the Canada Revenue Agency Web site www.cra-arc.gc.ca/disability or call 1-800-959-8281 (TTY users call 1-800-665-0354).

For a government of Canada brochure, please click here.