Grants and Bonds

You may apply for a Canada Disability Savings Grant or Bond after you open a Registered Disability Savings Plan (RDSP).

Canada Disability Savings Grant

The Canada Disability Savings Grant is a matching Grant the Government will deposit into your RDSP to help you save. The Government provides matching grants of up to 300 percent, depending on the amount contributed and the beneficiary's family income. The maximum Grant is $3,500 each year, with a limit of $70,000 over your lifetime. Grants are paid into the RDSP until the end of the calendar year in which you turn 49 years of age.

  • Grant Eligibility

    After opening an RDSP, if you meet the following requirements, you may apply for a Grant:

    • be 49 years of age or under (if you are 49, you must apply before the end of the calendar year in which you turned 49);
    • be a Canadian resident;
    • have a Social Insurance Number (SIN);
    • be eligible for the Disability Tax Credit (disability amount);
    • make contributions to your RDSP; and
    • for beneficiaries over 18 years of age:
      • file your personal income tax returns for the past two years and all future taxation years to qualify for the 200 percent and 300 percent matching Grant;
    • for beneficiaries under 18 years of age:
      • parents or guardians must file their income tax returns for the past two years and all future taxation years, and apply for the Canada Child Tax Benefit to qualify for the 200 percent and 300 percent matching Grant.
  • Grant Apply

    You must apply for the Grant through the financial organization where you have your RDSP.

    For your convenience, you can download, complete and print the application form before meeting with your financial organization.

  • Grant amount

    The income amounts shown are for 2013. The income amounts are updated each year based on the rate of inflation.

    If the beneficiary's family income is less than or equal to $87,123:

    • For the first $500 contributed each year to the RDSP, the Government will deposit $3 for every $1 contributed, up to $1,500 a year.
    • For the next $1,000 contributed each year to the RDSP, the Government will deposit $2 for every $1 contributed, up to an additional $2,000 a year.

    If the beneficiary's family income is greater than $87,123:

    • For the first $1,000 contributed each year to the RDSP, the Government will deposit $1 for every $1 contributed, up to $1,000 a year.
  • Grant Example

    Mary has a beneficiary's family income of $37,000. She makes two contributions to her RDSP in 2010:

    Mary contributes:

    • $500 to her RDSP in March 2010; and
    • an additional $400 in August 2010, for a total amount of $900 in contributions.

    On the first $500 contribution, she receives a 300 percent matching rate:

    • $500 x 300% = $1,500.

    On the second $400 contribution, she receives a 200 percent matching rate:

    • $400 x 200% = $800.

    The total amount of grants Mary receives in 2010 is:

    • $1,500 + $800 = $2,300.

Canada Disability Savings Bond

The Canada Disability Savings Bond is money the Government will deposit into the Registered Disability Savings Plans (RDSPs) of low-income and modest-income Canadians. If you qualify for the Bond, you will receive up to $1,000 a year depending on your family income (see beneficiary's family income). There is a limit of $20,000 over your lifetime. Bonds are paid into the RDSP until the end of the calendar year in which you turn 49 years of age. You do not need to make any contributions to your RDSP to receive the Bond.

  • Bond Eligibility

    After opening an RDSP, if you meet the following requirements, you may apply for a Bond:

    • be 49 years of age or under (if you are 49, you must apply before the end of the calendar year in which you turned 49);
    • be a Canadian resident;
    • have a Social Insurance Number (SIN);
    • be eligible for the Disability Tax Credit (disability amount)
    • have a family income of less than $43,561 (this amount is updated each year based on the rate of inflation);
    • for beneficiaries over 18 years of age:
      • file your personal income taxes for the past two years and all future taxation years;
    • for beneficiaries under 18 years of age:
      • parents or guardians must file their taxes and apply for the Canada Child Tax Benefit for the past two years and all future taxation years.
  • Bond Apply

    You must apply for the Bond through the financial organization where you have your RDSP.

    For your convenience, you can download, complete and print the application form before meeting with your financial organization.

  • Bond amount

    The income amounts shown are for 2013. The income amounts are updated each year based on the rate of inflation.

    If the beneficiary's family income is less than or equal to $25,356:

    • The Government deposits $1,000 each year to the RDSP.

    If the beneficiary's family income is between $25,356 and $43,561:

    • The Government deposits a portion of the $1,000 to an RDSP each year. As your income increases, the Bond amount paid into your RDSP decreases.
  • Bond Example

    Marc opened an RDSP for himself and has a family income of $19,000 (see beneficiary's family income). As his income was below $25,356, the Government deposits $1,000 to his RDSP.

Forms

You can get Canada Disability Savings Grant and Canada Disability Savings Bond application forms from participating financial organizations or through the links:

Unused Grant and Bond entitlements: “The carry-forward measure”

Unused Grant and Bond entitlements from the past 10 years (starting in 2008) can be claimed for existing RDSPs, or RDSPs opened in January 2011 or later.

To apply for unused Grant and Bond entitlements, the beneficiary must currently be eligible to receive the Grant and the Bond. Applications can be made until the end of the calendar year in which the beneficiary turns 49.

The amount of Grant and Bond eligibility depends on the beneficiary's family income in those years. The Grant amount received also depends on how much is contributed to one's RDSP. The matching rate will be the same as the one that would have applied if the contribution had been made in the year in which the Grant entitlement was earned. Matching rates will be paid on RDSP contributions using up any Grant entitlements at the highest available rate first, followed by any Grant entitlements at lower rates.

Grants and bonds will be paid on unused entitlements, up to an annual maximum of:

  • $10,500 for grants; and
  • $11,000 for bonds.

The maximum amount of Grant paid over the beneficiary's lifetime is $70,000.

The maximum amount of Bond paid over the beneficiary's lifetime is $20,000.

RDSP, Grant and Bond issuers

Information is available to help Registered Disability Savings Plan (RDSP), Canada Disability Savings Grant and Bond issuers fulfill their roles and responsibilities.