A Registered Disability Savings Plan (RDSP) can be a great way for a family to secure the financial future for individuals with disabilities. These plans are offered in Canada and are designed to help the beneficiaries save for long-term needs like education, housing, and recreation. They offer grants and bonds that grow tax free over time, which makes them an attractive option for financial planning. Not only do RDSPs have potential to build wealth and increase independence, they also provide peace of mind knowing that your loved one’s future is secure.
Receive Matching Grants
Many people are eligible for grants and bonds from the federal government, allowing your contributions to go further.
Like an RESP, the plan allows invested funds to defer taxes until withdrawal. These funds are protected from creditors and can be used for anything the individual needs.
Approach the Future with Confidence
Planning ahead will allow you to achieve financial security for the loved ones in your life.
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