Do you or a loved one have a disability? A Registered Disability Savings Plan (RDSP) could be your pathway to a financially secure future. An RDSP is a tax-sheltered savings plan, with no annual contribution limit. The savings through the plan can be used to pay for your long-term financial needs, such as medical or home care costs.

The biggest advantage of the RDSP is that by having one, you could be eligible to receive up to $90,000 in government contributions through two financial programs:

Who can open an RDSP?

You can open an RDSP if you are:
  • A parent or legal guardian of the beneficiary (or another individual who is legally authorized to act for the beneficiary)
  • A public department, agency, or institution that is legally authorized to act on behalf of the beneficiary

Who can become a beneficiary of an RDSP?

To be eligible to be a beneficiary of an RDSP, an individual must:

How To Apply

To connect with a member of the CUA team to discuss opening an RDSP fill out the form below. You can also book an appointment at your branch, or by calling the Customer Contact Centre at 902.492.6500.


Is there a contribution maximum? Expand/Collapse

Yes. The lifetime contribution maximum is $200,000.

How long can I contribute to an RDSP? Expand/Collapse

You can contribute until the end of the calendar year in which the beneficiary turns 59.

Who can make contributions to an RDSP? Expand/Collapse

Anyone can contribute to an RDSP with permission of the plan holder.

Are contributions to an RDSP tax-deductible? Expand/Collapse

Contributions are not tax-deductible.

However, the Canada Disability Savings Grant, Canada Disability Savings Bond and investment income earned in an RDSP will be included in the beneficiary’s income when paid out.

How do RDSP withdrawals work? Expand/Collapse