Broker Check

Can an RDSP change your tomorrow?

August 07, 2023

Don’t ignore a significant benefit specifically designed to meet your family’s needs

Did you know, 750,000 Canadians qualify for RDSP? What may be more interesting to you is that less than 1/5 of them actually take advantage of this specialized savings plan, which the Canadian government implemented in 2008 to support families like yours.

The power of an RDSP when saving for a secure future

An RDSP is a Canada-wide matched savings plan that supports individuals with disabilities; it is designed as a long-term savings solution to help the beneficiary maintain financial security throughout the majority of their lifetime.

The future may seem far away and, so far, your family is thriving and capable of providing sufficient care for a family member’s special needs. However, if you have a family member who qualifies for a Registered Disability Savings Plan (RDSP), why not take advantage of this powerful savings vehicle to ensure, no matter what happens to you, they will have a more secure and comfortable future?

How much can you contribute to protect your family member’s future?

You can put as much, or as little, as you want into your RDSP. Of course, the more you invest, the more your loved one will be able to access – up until their 60thbirthday. When you make this strategic choice, the Government will match your contributions with up to three dollars per every dollar. Better still, dependent on your eligibility, they may contribute annually to increase the monetary support available.

When the time comes, you’ll be happy you chose to protect your most precious asset – your family.

There are certain stipulations surrounding how much you can pull from your RDSP and when, but at the end of the day, your beneficiary can spend the money on whatever they like to ensure they have access to the basic necessities of a better life. Don’t worry about any hidden red tape, our team will gladly help you understand the benefits and specific details of an RDSP, just give us a call! 519.646.1010 x 27


Wayne Gray
CFP, CIM Investment Advisor
Williams Financial Group | Manulife Securities Incorporated