The RDSP requires an approved Disability Tax Credit (DTC) certificate. If you do not already have one, complete Form T2201 with your doctor. The DTC confirms that the person has a prolonged impairment in mental or physical function.
Not all banks offer RDSPs. Major providers include BMO, CIBC, RBC, Scotiabank, and TD. Compare account fees, investment options, and customer service. Some institutions offer self-directed RDSPs with more investment flexibility.
Visit your chosen financial institution with the beneficiary's SIN, DTC approval notice, and government-issued ID. If the beneficiary is under 18, a parent or guardian opens the account. For adults, a legal representative may be needed if the person cannot manage finances independently.
The Canada Disability Savings Grant (CDSG) matches contributions up to $3,500 per year. The Canada Disability Savings Bond (CDSB) provides up to $1,000 per year for low-income beneficiaries with no contribution required. Your financial institution applies for these automatically when you contribute.
To maximize the CDSG, contribute at least $1,500 per year. You can set up automatic monthly contributions as low as $125 per month. Even small contributions trigger matching grants that significantly grow the account over time.
RDSP withdrawals before age 60 are called Lifetime Disability Assistance Payments (LDAPs). If you withdraw within 10 years of receiving a grant or bond, those amounts must be repaid. Plan withdrawals with a financial advisor to avoid clawbacks.
Government of Canada
Registered Disability Savings Plan program details and grant information (canada.ca/rdsp)
Plan Institute
RDSP guides and resources for families of people with disabilities (planinstitute.ca)
Commitment to Accuracy: Our data is verified against official government reports (FAO, MCCSS), peer-reviewed scientific literature, and accessible public records. Last updated: March 24, 2026.
Verified Facts
$200/month, The Canada Disability Benefit provides up to for eligible Canadians with disabilities
88,175, children are registered in the Ontario Autism Program
1 in 50, According to the 2019 Canadian Health Survey on Children and Youth, about children and youth aged 1 to 17 in Canada had an autism diagnosis
23.4%, Only 20,666 children have active funding agreements () — less than one in four
WHO recommends accessible, community-based early interventions for children with autism — timely evidence-based psychosocial interventions improve communication and social engagement