REGISTERED DISABILITY SAVINGS PLAN CONTRIBUTIONS
RDSP EXPERT FOR PEOPLE WITH DISABILITIES IN CALGARY, ALBERTA
HELPING YOU GET A BETTER UNDERSTANDING OF REGISTERED DISABILITY SAVINGS PLAN (RDSP), DISABLED TAX CREDIT, AND MUCH MORE!
Welcome to the RDSPlan.ca contributions page. Due to individual factors, each eligible participant qualifies for different grants and in turn varying degrees of contributions. We have taken the liberty of putting together 3 different scenarios to help illustrate some of the contributions that can be obtained.
SCENARIO #1
Nathan is a 36 year old lawyer who has Type 1 Diabetes, and has had diabetes since 1989. His annual income is $150,000. He just found out that he qualified for the Disability Tax Credit (DTC) and would now like to open his Registered Disability Savings Plan Account (RDSP). Since he qualified for the DTC prior to 2008 (the year the RDSP came into effect), Nathan is going to fund his RDSP as follows to collect the grants that he has coming to him:
| Year | Contributions |
Grants (1:1) |
Total |
|---|---|---|---|
| 2016 | $9000 | $9000 | $18,000 |
| 2017 | $1000 | $1000 | $20,000 |
| 2018 | $1000 | $1000 | $22,000 |
| 2019-2029 | $11,000 | $11,000 | $44,000 |
| TOTALS | $22,000 | $22,000 | $44,000 |
SCENARIO #2
Michelle is a single mother of a son with Autism. He is 9 years old and has qualified for the DTC since 2007. She has a part time job and makes $20,000 annually. She qualifies for grants and bonds, and funds the RDSP as follows:
| 9 | 2014 | $2000 | $6000 | $1000 | $9000 | |
| 10 | 2015 | $2000 | $6000 | $1000 | $18,000 | |
| 11 | 2016 | $2000 | $1500 | $3000 | $1000 | $25,500 |
| 12 | 2017 | $2000 | $1500 | $3000 | $1000 | $33,000 |
| 13 | 2018 | $2000 | $1500 | $3000 | $1000 | $40,500 |
| 14 | 2019 | $2000 | $1500 | $3000 | $1000 | $48,000 |
| 15 | 2020 | $2000 | $1500 | $3000 | $1000 | $55,500 |
| 16 | 2021 | $2000 | $1500 | $3000 | $1000 | $63,000 |
| 17 | 2022 | $2000 | $1500 | $3000 | $1000 | $70,500 |
| 18 | 2023 | $2000 | $1500 | $3000 | $1000 | $78,000 |
| 19 | 2024 | $2000 | $1500 | $3000 | $1000 | $85,500 |
| 20 | 2025 | $2000 | $1500 | $3000 | $1000 | $93,000 |
| 21 | 2026 | $2000 | $1500 | $3000 | $1000 | $100,500 |
| 22 | 2027 | $2000 | $1500 | $3000 | $1000 | $108,000 |
| 23 | 2028 | $1750 | $1500 | $2500 | $1000 | $114,750 |
| 24 | $1000 | $115,750 | ||||
| 25 | $1000 | $116,750 | ||||
| 26 | $1000 | $117,750 | ||||
| 27 | $1000 | $118,750 | ||||
| 28 | $1000 | $119,750 | ||||
| TOTALS | – | $29,750 | $31,500 | $38,500 | $20,000 | $119,750 |
| Total Grants | $70,000 | |||||
| Total Bonds | $20,000 |
SCENARIO #3
Jonathon is 35, has Cerebral Palsy and is married to Nancy. Their combined annual household income is $70,000. Jonathon has had the DTC since prior to 2008 and would like to catch up on the unused past grants available to him. This is how they fund his RDSP:
| Age | Year | Contributions | Grants (3:1) | Grants (2:1) | Total |
| 35 | 2016 | $3,500 | $10,500 | $14,000 | |
| 36 | 2017 | $4,500 | $4,500 | $6,000 | $29,000 |
| 37 | 2018 | $5,000 | $1,500 | $9,000 | $44,500 |
| 38 | 2019 | $5,000 | $1,500 | $9,000 | $60,000 |
| 39 | 2020 | $1,500 | $1,500 | $2,000 | $65,000 |
| 40 | 2021 | $1,500 | $1,500 | $2,000 | $70,000 |
| 41 | 2022 | $1,500 | $1,500 | $2,000 | $75,000 |
| 42 | 2023 | $1,500 | $1,500 | $2,000 | $80,000 |
| 43 | 2024 | $1,500 | $1,500 | $2,000 | $85,000 |
| 44 | 2025 | $1,500 | $1,500 | $2,000 | $90,000 |
| 45 | 2026 | $1,500 | $1,500 | $2,000 | $95,000 |
| 46 | 2027 | $1,500 | $1,500 | $2,000 | $100,000 |
| 47 | 2028 | $1,500 | $0 | $0 | $101,500 |
| 48 | 2029 | $1,500 | $0 | $0 | $103,000 |
| Totals | $33,000 | $30,000 | $40,000 | $103,000 | |
| Total Grants | $70,000 |
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