A Registered Disability Savings (RDSP) is a long-term savings plan for people with disabilities. If you have a disability, you may be eligible to open an RDSP.
For more information about setting up an RDSP, please call the Disability Planning hotline at 1-844-311-PLAN or 1-844-311-7526. The RDSP Guide is also available in other formats, such as text only, PDF, audio and word files on the Government of B.C. Accessibility 2024 website at gov.bc.ca/accessibility.
Registered Disability Savings Plan - ASL Videos
An RDSP is a long-term savings plan for people with disabilities. If you have a disability, you may be eligible to open an RDSP. You might have someone help... Read more
Even if you don’t have any of your own money to contribute, an RDSP is a good idea to help you save for your future disability-related costs. If you are... Read more
You are eligible to open an RDSP if you are able to get the Disability Tax Credit and if you are under the age of 60. See step 2: Disability Tax Credit video... Read more
The rules for RDSPs are complicated, and getting an RDSP may seem like an overwhelming process. However, if you have low or modest income, the benefits of... Read more
In B.C., the RDSP is exempt as an asset and as income, which means that the RDSP will not impact your income assistance or disability assistance. In addition... Read more
There are 10 steps to starting and managing an RDSP. Step 1 is Proof of Identification. To open an RDSP, you will need a Social Insurance Number, or SIN, and... Read more
There are 10 steps to starting and managing an RDSP. Step 2 is the Disability Tax Credit (DTC). To open an RDSP, you must be approved for the DTC. This is the... Read more
Use Form T2201 to apply for the Disability Tax Credit, available on the Canada Revenue Agency’s website.
For more information about setting up an RDSP, please... Read more
There are 10 steps to starting and managing an RDSP. Step 3 is Appealing your Disability Tax Credit. If you are not approved for the DTC, you will get a letter... Read more
There are 10 steps to starting and managing an RDSP. This video goes with Steps 2 and 3, related to the Disability Tax Credit, sharing tips on how to apply.... Read more
There are 10 steps to starting and managing an RDSP. Step 4 is Filing Your Income Tax Annually. The amount of grants and bonds you may get from the federal... Read more
There are 10 steps to starting and managing an RDSP. Step 5 is Choosing Your Financial Institution. Some financial institutions offer the RDSP, others do not.... Read more
There are 10 steps to starting and managing an RDSP. Step 6 is Choosing Your Holder. The holder of your RDSP is the person who makes decisions about... Read more
There are 10 steps to starting and managing an RDSP. Step 7 is Opening Your RDSP. Now that you have qualified for the DTC, you are ready to open your RDSP!... Read more
There are 10 steps to starting and managing an RDSP. Step 8 is Investing Your Money. Now that you’ve opened your RDSP, you’re ready to start contributing and... Read more
There are 10 steps to starting and managing an RDSP. Step 9 is Re-Applying for the Disability Tax Credit, As Necessary. Even after you have applied for the... Read more
There are 10 steps to starting and managing an RDSP. Step 10 is Learning About Withdrawals and Withdrawing Your Money. There are rules about when and how much... Read more
This guide was developed by the RDSP Action Group, which is made up of business and community leaders in B.C. who have demonstrated a commitment to promoting... Read more