CDSGs and CDSBs – Assistance from the Government of Canada

Canada Disability Savings Grant (CDSG)

Contributions to an RDSP may qualify for a Canada Disability Savings Grant (CDSG) of up to $3,500 per year.

CDSGs are greater for families in lower- and middle-income categories. When annual family net income is less than $75,769, the grant will be:

• $3 for every $1 contributed on the first $500
• $2 for every $1 contributed on the next $1,000

When annual family net income is over $75,769, the grant will be:

• $1 for every $1 contributed up to $1,000

The CDSG has a lifetime maximum limit of $70,000 per beneficiary and the grant is no longer available after December 31 of the year the beneficiary turns 49.

Canada Disability Savings Bond (CDSB)

Lower-income families may be eligible for a Canada Disability Savings Bond (CDSB). When annual family net income is $21,287 or less, the bond will be $1,000 per year without the necessity of any contribution. When annual family net income exceeds $21,287 but is less than $37,885, the bond will be pro-rated to receive a portion of $1,000 per year and will be based on a pre-determined formula. The CDSB has a lifetime maximum limit of $20,000 per Beneficiary and the bond is no longer available after December 31 of the year the Beneficiary turns 49.