In Episode 4 of Dollars Seen Differently, Ryan Chin from Sun Life Financial and Peridot Financial Solutions explains the Registered Disability Savings Plan (RDSP), designed for Canadians with disabilities to save long-term and grow tax-free until withdrawal. The RDSP offers government benefits through grants and bonds, potentially providing up to $90,000 in combined contributions over the plan’s lifetime. Ryan discusses eligibility requirements, making contributions, and how contributions can be matched through the Canada Disability Savings Grant (CDSG). And he shares how the Canada Disability Savings Bond (CDSB) can offer additional money to low-income individuals, even if they don’t contribute. He also emphasizes that knowledgeable advisors can be valuable in navigating RDSP complexities.

Show notes: https://www.cnib.ca/sites/default/files/2024-11/Dollars%20Seen%20Differently%20Episode%204%20-%20Registered%20Disability%20Savings%20Plan%20%28RDSP%29.pdf