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The RDSP might be the most generous—and most misunderstood—government program in Canada.
In this episode of The Retire in BC Podcast, Ben and Arnold break down the Registered Disability Savings Plan (RDSP) and explain why it can be life changing for families supporting a loved one with a disability.
Whether you’re receiving the Disability Tax Credit (DTC) already or you might qualify without knowing it, this episode walks you through everything you need to know:
What we cover in this episode:
• Who qualifies for the Disability Tax Credit (and why so many Canadians don’t realize they’re eligible)
• How RDSP grants and bonds work — including up to $90,000 in free government money
• Why the RDSP is built as a long-term savings plan
• Age rules: the crucial 49–59 window, catch-up grants, and contribution strategy
• The 10-year government clawback — and how to avoid it
• How families can contribute together to supercharge the plan
• How RDSP withdrawals affect (or don’t affect) other income-tested programs
• Common misconceptions, planning pitfalls, and real-life examples
If you or a family member lives with a disability, the RDSP can dramatically improve long-term financial security — but only if you understand the rules well enough to make the most of it.
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Trademarks owned by Investment Planning Counsel Inc. and licensed to its subsidiary corporations. Investment Planning Counsel is a fully integrated wealth management company. Mutual funds available through IPC Investment Corporation and IPC Securities Corporation. Securities available through IPC Securities Corporation, a member of the Canadian Investor Protection Fund. Insurance products available through Visionvest Wealth Management Ltd.
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