What TD Offers
Designed for Canadians with disabilities and their families
To help your savings grow faster, the government provides grants and bonds.
Income earned from the RDSP grows on a tax-deferred basis until funds are withdrawn, after which they are taxed as income.
Contributions can be up to a lifetime limit of $200,000 and can be made up until the end of the beneficiary’s 59th year.
Annual withdrawals, or Lifetime Disability Assistance Payments (LDAPs), begin by the end of the year in which the beneficiary turns 60. These annual payments will then continue for the life of the beneficiary.
This form of withdrawal is known as a Disability Assistance Payments (DAPs)2, and can be paid to the beneficiary any time after the RDSP is established.
This registered savings plan helps Canadian with disabilities and their families create greater financial security.
1Refers to the TD Waterhouse Disability Savings Plan.
Meet with a banking specialist in person at the branch closest to you.
Our banking specialists are ready to answer your questions and can assist you with your application.
* Refers to the TD Waterhouse Disability Savings Plan.
1 Conditions apply.
2 A DAP cannot be paid if it causes the value of the RDSP to fall below the total amount of grants and bonds that have been paid into the plan within the last 10-year period less any amount of grants and bonds paid in that period that has been repaid to the government. While withdrawals from the plan can be made at any time for the benefit of the beneficiary, it is very important to note that any grant or bond received within 10 years prior to a payment must be repaid, as the plan is intended to encourage long-term savings.