RDSPlan

12/18/2025

For Canadians living with a disability, long-term security starts with understanding your RDSP options. From eligibility based on the Disability Tax Credit to government contributions that grow your savings, there’s no better time to act. Every year you wait could mean missing out on thousands in unused grants. Begin your journey today by confirming your DTC status and opening an RDSP.

12/16/2025

An RDSP can be a powerful support for individuals with disabilities who are planning for future independence. With the ability to receive matching grants up to $70,000 and bonds up to $20,000 over a lifetime, the plan is designed to help beneficiaries thrive long term. It’s also structured to ensure funds do not interfere with other income-tested benefits. Open your RDSP now to create a financial safety net that supports your independence.

12/11/2025

The sooner you open an RDSP, the more years you have to earn government grants and bonds. Because eligibility for grants ends at age 49, starting early gives you more opportunities to grow your account. Even small contributions early on can lead to bigger returns down the road. Don’t wait, open your RDSP and start saving for the future today.

12/10/2025

🇨🇦 Bank of Canada holds interest rate at 2.25%

The Bank of Canada kept its overnight rate at 2.25%, noting that this level continues to support stable inflation and a resilient Canadian economy.

What this means:
- Savers: deposit and GIC rates may stay modest for now.
- Economic outlook: growth and employment remain steady, but global uncertainty and trade pressures continue to be risks.

A good moment to review your savings and investment strategy as we head into 2026.

🔗 Bank of Canada release: https://www.bankofcanada.ca/2025/12/fad-press-release-2025-12-10/

12/09/2025

Contributions to the RDSP are not tax-deductible, unlike RRSPs, but they offer other advantages. The key benefit is access to matching grants and income-based bonds. In many cases, the value of these supports outweighs the tax deferral you’d get with other plans. Focus on maximizing contributions for long-term benefit rather than immediate tax savings.

12/04/2025

You can contribute up to $200,000 in total to an RDSP over its lifetime. There’s no annual limit, which means you can contribute more in strong financial years. However, grants are only paid on the first $1,500 or $3,500 annually, depending on income. Make a contribution plan that aligns with grant eligibility to make the most of each dollar.

12/03/2025

Before December 31, business owners have a valuable chance to strengthen cash flow and reduce taxes. From balancing salary and dividends to claiming new deductions and credits, smart year-end planning can make a lasting impact. Discover which 2025 tax strategies can help your business close the year strong and start 2026 with confidence.

As 2025 wraps up, it’s time for business owners to focus on smart year-end tax strategies. Learn how to manage cash flow, balance salary and dividends, and take advantage of deductions and credits before December 31.

12/02/2025

There’s no penalty for stopping RDSP contributions, and the plan can remain open even during periods of financial difficulty. This makes the RDSP a flexible option for families whose income may change year to year. While contributions may pause, eligibility for bonds or future grants may still continue. Keep your plan open and contribute when you can to maximize support.

12/01/2025

The end of 2025 is just around the corner — and now’s the best time to review your finances. From RRSPs and TFSAs to family credits and student benefits, proactive year-end planning can help you keep more of your hard-earned money. Here are the key 2025 personal year-end tax tips every Canadian should know.

The end of 2025 is the perfect time to get organized and take advantage of key tax-saving opportunities. From RRSPs and TFSAs to family credits and student benefits, these practical year-end tips can help you save money and prepare for tax season with confidence.

11/27/2025

RDSP savings grow tax-deferred, meaning you don’t pay taxes on contributions, government grants, bonds, or investment earnings while the money remains in the plan. Taxes are only paid when funds are withdrawn, and only on the government contributions, bonds, and investment growth portion—the original contributions are not taxed. This tax advantage allows your savings to grow more efficiently over time. Regular contributions help maximize the benefits of tax-deferred growth in your RDSP.

11/25/2025

You can designate a successor holder for your RDSP, helping to ensure smooth management in the future. This is particularly important for parents managing a plan for their child or for those with guardianship responsibilities. A successor holder can take over without disruption, keeping savings on track. Learn how to set up a successor today and protect your plan for years to come.

11/20/2025

RDSP savings can be used for any purpose once withdrawn, whether it’s for housing, medical care, education, or daily living expenses—the choice is yours. While there are no restrictions on how you use the funds, it’s important to plan withdrawals carefully. Withdrawals made before age 60 may trigger repayment of government grants and bonds due to the 10-year rule. After age 60, regular lifetime disability assistance payments must begin, supporting ongoing financial needs. This flexibility makes the RDSP a valuable tool for long-term independence. Start your plan now and build savings you can use your way