Value: Maximum $3,500 per year, with a limit of $70,000 over your lifetime.
The Canada Disability Savings Grant is a matching grant. That means that the Government also pays into your RDSP to help you save. The Government gives matching grants of up to 300 percent, depending on the beneficiary’s family income and contribution. The maximum Grant amount is $3,500 per year, with a limit of $70,000 over your lifetime. Grants are paid into the RDSP until the end of the year you turn 49 years of age.
Once you have an RDSP, you can apply for a grant if you:
- Are 49 years old or under (if you are 49, you must apply before the end of the year)
- Are a Canadian resident
- Have a social insurance number
- Are eligible for the Disability Tax Credit
Contact: Canada Disability Savings Grant | 1-800-959-8281