REGISTERED DISABILITY SAVINGS PLAN
FOR DEAF AND HARD OF HEARING PEOPLE
About RDSP:
The Registered Disability Savings Plan (RDSP) plan is a good option for the Deaf and Hard of
Hearing individuals who plan to save money to make their long-term financial future more
comfortable. The federal government provides financial support through the Canada Disability
Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB) programs.
The RDSP will benefit any deaf and hard of hearing individual who has the disability tax credit
certificate, is less than 60 years of age, and is a Canadian resident.
About CDSG:
Qualified individuals may put money into an RDSP account to attract the CDSG of up to $3,500
st
each year until December 31 the year in which they turn 49 or up to the maximum lifetime
CDSG available in the amount of $70,000.
Qualified individuals with any kind of income can apply for the RDSP. Even families or single
individuals with a net family income over $85,414 can earn up to $1000 in CDSG.
About CDSB:
This program is for lower-income families and singles individuals who have less than $42,707
in net family income.
These lower-income families/singles can apply for CDSB without putting any money into the
RDSP account and qualify for a bond up to $1,000 each year until 49 years of age subject to
the maximum lifetime CDSB available amount of $20,000.
Under the Canada Disability Savings Bond program, individuals are not required to make a
contribution or deposit including those receiving support programs such as the Ontario
Disability Support Program (ODSP). The Ontario government has exempt assets inside an
RDSP from affecting an individual’s ODSP support payments meaning Deaf and Hard of
Hearing individuals have a great option for saving for their long-term financial future.
To find out more detailed information about the RDSP from one of partners, BMO Investments
Inc., please click the link below,
http://www.bmoguardianfunds.com/advisor/controller/cms?key=consumerrdsp
If you are interested to apply for the RDSP program or have any questions, please feel free to
email me at rohan.smith@dfsin.ca or call me at 416 297 6093 TTY.
Rohan Smith
Investment Fund Advisor
Desjardins Financial Security Investments Inc.
1457 McCowan Road, Suite 208
Scarborough, ON M1S 5K7
TTY: 416-297-6093
Fax: 416-297-6015
Email address: rohan.smith@dfsin.ca
Website: www.dfsin.ca/rohansmith
ASL version: https://www.youtube.com/watch?v=QJxiTng-EUQ