Registered Disability Savings Plan (RDSP) A Helping Hand for the Future

If you or someone you love is living with a disability, planning for the future can feel overwhelming. But here’s the good news – an RDSP (Registered Disability Savings Plan) is a powerful way to build long-term financial security. And the best part? You don’t have to do it alone.

Here’s why an RDSP with Prosperity Credit Union might be one of the smartest moves you can make:

Free Money – Yes, Really!

Through government grants and bonds, you could receive up to $90,000 in contributions over the plan’s lifetime. Even if you can’t contribute much yourself, the government may still add funds. That’s a lot of free money helping you build a brighter future.

The Canada Disability Saving Grant (CDSG): The federal government matches your RDSP contributions with up to $3500 per year and a lifetime total of $70,000. The size of your CDSG depends on your income level.
The Canada Disability Savings Bond (CDSB): Depending on your income level, you can receive up to $1000 per year and a lifetime total of $20,000 into your RDSP from the federal government. You don’t need to make contributions to receive the CDSB.

Tax Sheltered Growth

Your investments inside an RDSP grow tax-free. That means more money stays in your pocket while your savings work hard behind the scenes.

Flexibility for the Future

Life is full of surprises, and an RDSP is designed to adapt. Whether it’s covering medical expenses, living costs, or long-term care, the funds are there when you need them.

Peace of Mind

Knowing there’s a financial cushion gives you and your loved ones a little extra peace of mind. It’s about making sure you’re supported – today, tomorrow, and beyond.