REGISTERED DISABILITY SAVINGS PLAN (RDSP)
The purpose is to provide long-term savings on a tax-deferred basis for a beneficiary who has a prolonged and severe physical or mental impairment. The beneficiary must be eligible to receive the Disability Tax Credit RDSPs receive a beneficial government grant of
(1) up to $3,500 per year for every $1,500 contribution for beneficiaries with family incomes of less than $91,831; or
(2) up to $1,000 per year for every $1,000 contribution for beneficiaries with family incomes of more than $91,831.
Tradex offers RDSPs through BMO Guardian and Mackenzie Financial. For more details on RDSPs please contact Tradex today!