Building long-term financial security for Canadians with disabilities

The Registered Disability Savings Plan (RDSP) is a unique, government-supported savings vehicle designed to help individuals with disabilities build long-term financial security. The RDSP is a long-term savings plan aimed at supporting people with disabilities to maintain savings as they age. With generous grants, tax-deferred investment growth, and flexible withdrawal options, it offers powerful advantages for those who qualify.

At Ross Taylor Financial Corporation, we provide expert, personalized guidance to help families understand, open, and maximize RDSPs as part of a broader financial strategy. Whether you're planning for your own future or supporting a loved one, we’re here to help you access the full potential of this essential tool.

Why choose an RDSP?

RDSPs offer significant financial benefits for eligible Canadians, including:

  • Government contributions. Through the Canada Disability Savings Grant, the federal government matches annual contributions by 100%, 200%, or 300%, based on family income, up to a lifetime maximum of $70,000. In addition, the Canada Disability Savings Bond provides up to $20,000 to low-income beneficiaries, even if no personal contributions are made.
  • Tax-deferred investment growth. Funds held in an RDSP can be invested, and all growth accumulates on a tax-deferred basis. This allows the account to grow significantly over time, while preserving access to other income-tested government benefits.
  • Long-term flexibility and support. The RDSP has a lifetime contribution limit of $200,000 per beneficiary. Withdrawals can be used for any purpose that improves quality of life, with no restrictions or reporting requirements.

Who is eligible?

To open or be named as a beneficiary of an RDSP, an individual must:

  • Qualify for the Disability Tax Credit (DTC).
  • Be a Canadian resident with a valid Social Insurance Number (SIN).
  • Be 59 or younger at the end of the calendar year a new RDSP is opened.

If you're unsure whether you or a loved one qualifies, we can help assess eligibility and provide further guidance.

How we help

We tailor our RDSP planning services to your unique situation, with support that includes:

  • Confirming eligibility and guiding you through the RDSP setup process.
  • Developing contribution strategies to maximize government matching.
  • Recommending investment options aligned with your goals and timeline.
  • Helping you apply for and maintain the Disability Tax Credit (DTC).
  • Structuring withdrawals to preserve other benefits and meet evolving needs.
  • Providing ongoing reviews to ensure the plan remains effective over time.

We simplify the rules, clarify the deadlines, and ensure you're not leaving valuable benefits on the table.

Why it matters

Meaningful financial planning is for every member of the family, and long-term security shouldn’t be out of reach because of complexity or confusion. We’re here to provide the clarity, strategy, and support you need to make the most of every available resource.

Ready to take control of your financial future?