Registered Disability Savings Plan (RDSP) in Beaumont

Building a Secure Future for Your Loved Ones with Disabilities

The Registered Disability Savings Plan (RDSP) is a long-term savings program designed by the Government of Canada to help individuals with disabilities — and their families — save for the future. With Trustwise Insurance, you get expert guidance to maximize your government grants, manage contributions wisely, and secure lasting financial stability.

What is an RDSP?

An RDSP is a special savings plan that helps parents and caregivers of persons with disabilities prepare financially for long-term needs. It allows you to grow your savings tax-deferred, while eligible beneficiaries may also receive government grants and bonds — increasing their savings significantly over time.

Key Benefits of an RDSP

Government Contributions:
Receive up to $90,000 in government grants and bonds over the lifetime of the plan.
Tax-Deferred Growth:
Investment earnings grow tax-free until funds are withdrawn.
Flexible Contributions:
Anyone can contribute to an RDSP with the written permission of the plan holder.
Lifetime Security:
Savings can help ensure financial stability even when family members are no longer able to provide support.
Matching Grants:
The government matches contributions based on family income — helping your savings grow faster.

Who Can Open an RDSP?

You can open an RDSP if:

You are a Canadian resident with a valid Social Insurance Number (SIN)
You are eligible for the Disability Tax Credit (DTC)
You are under the age of 60
The plan holder can be the beneficiary, parent, or legal guardian

Government Support Programs

1. Canada Disability Savings Grant (CDSG):
The government contributes up to 300% of your annual contributions, depending on income.

2. Canada Disability Savings Bond (CDSB):
Even if you can’t contribute, you may still receive up to $1,000 per year, depending on your income level.

Why Choose Trustwise Insurance for Your RDSP?

At Trustwise Insurance, we understand that every family’s situation is unique. Our experienced advisors provide personalized guidance to help you:

Determine eligibility and set up your RDSP
Maximize government grants and bonds
Choose the right investment options
Plan for long-term financial growth and security

We simplify the process so you can focus on what matters most — caring for your loved ones.

Frequently Asked Questions (FAQs)

Q: What is an RDSP (Registered Disability Savings Plan)?

A: An RDSP is a long-term savings plan created by the Government of Canada to help parents and individuals with disabilities save for their future. It allows beneficiaries to grow their savings tax-deferred and receive government grants and bonds.

Q: Who is eligible to open an RDSP?

A: To qualify, the beneficiary must:

Be a Canadian resident
Have a valid Social Insurance Number (SIN)
Be eligible for the Disability Tax Credit (DTC)
Be under the age of 60

Q: How much can I contribute to an RDSP?

A: There is no annual contribution limit, but the lifetime contribution limit is $200,000. Contributions can be made until the end of the year in which the beneficiary turns 59.

Q: What government benefits can I receive with an RDSP?

A: The RDSP offers two major government incentives:

Canada Disability Savings Grant (CDSG): Matching contributions up to 300%, depending on income level.
Canada Disability Savings Bond (CDSB): Available to low-income individuals without the need for personal contributions.

Q: Will having an RDSP affect my other government benefits?

A: No. RDSP savings and withdrawals do not affect your eligibility for federal benefits like the Canada Child Benefit (CCB), Old Age Security (OAS), or Employment Insurance (EI).

Secure Your Future with RDSP

An RDSP in Canada helps individuals with disabilities build long-term financial security with the support of government grants and bonds. It’s a smart way to save for tomorrow while protecting your eligibility for other benefits.

Talk to a licensed financial advisor today to open your RDSP and start planning a secure financial future.

Let’s Secure Their Future Today

Ready to start planning a better financial future?
Contact Trustwise Insurance to learn how we can help you open and grow your Registered Disability Savings Plan (RDSP).

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