{"id":30458,"date":"2018-09-20T14:12:57","date_gmt":"2018-09-20T18:12:57","guid":{"rendered":"https:\/\/www.communitylivingbc.ca\/?page_id=30458"},"modified":"2024-07-23T15:45:32","modified_gmt":"2024-07-23T22:45:32","slug":"plan-for-the-future-with-an-rdsp","status":"publish","type":"page","link":"https:\/\/www.communitylivingbc.ca\/resources\/plan-for-the-future-with-an-rdsp\/","title":{"rendered":"Plan for the future with an RDSP"},"content":{"rendered":"

You can make a huge<\/u><\/strong> difference for the future of your loved one with a developmental disability by opening a Registered Disability Savings Plan (RDSP) as early as possible. The RDSP is a Canada-wide savings plan designed especially for people with disabilities.<\/p>\n

Read what these families say about the importance of the RDSP, and their tips for opening one.<\/p>\n

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Read Sylvie\u2019s story<\/strong><\/a><\/p><\/div>\n

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Read Jessica’s story<\/strong><\/a><\/p><\/div>\n

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Get extraordinary returns<\/h2>\n

As soon as you open an RDSP, you will begin to receive contributions from the federal government. The kind and amount depends on your family income, and matching contributions have limits.<\/p>\n

For people with incomes less than $30,000, the government will contribute $1,000 a year for 20 years, without you having to put in any money yourself.<\/p>\n

For families with income up to $91,831, for every $1 you contribute to the RDSP, the government will match it with $3 for the first $500. For every $1 you contribute up to another $1,000, the government will match it with $2.<\/p>\n

For all the details on how it works, please visit www.rdsp.com<\/a>.<\/p>\n

Register as early as possible<\/h2>\n

The earlier you begin, the more your loved one will benefit. For example, if you have a nine-year-old daughter and earn less than $75,769 per year, but are able to contribute $1,500 to an RDSP each year for 20 years, your loved one will have nearly $350,000 in savings by the time they are 40.<\/p>\n

The RDSP is exempt from most provincial disability and income assistance benefits. It does not get clawed back and it does not reduce disability benefit payments.<\/p>\n

Get help to open an RDSP right away<\/h2>\n

The Plan Institute, Disability Alliance BC and the BC Aboriginal Network on Disability Society (BCANDS) have partnered together to offer a range of resources to help more British Columbians open RDSPs, including:<\/p>\n