Canada Disability Savings Bond

Are You Eligible?

The Canada Disability Savings Bond is money the Government contributes to the Registered Disability Savings Plans (RDSPs) of low- and modest-income Canadians. If you qualify for the Bond, you can receive up to $1,000 a year, depending on the beneficiary’s family income. Over an individual’s lifetime, there is a limit of $20,000.

Bonds are paid into the RDSP until the end of the year the beneficiary turns 49 years of age. You do not need to make any contributions to your RDSP to receive the Bond.

Starting in 2011, you may carry forward unused grant and bond entitlement to future years. The carry forward period starts in 2008 and is for a period of 10 years.

You must apply for the Bond through the financial organization where you have your RDSP.

Are You Eligible For RDSP Bonds?

If you opened an RDSP in 2008 or later, and contributed less than the maximum amount, you can receive Bond entitlements in future years. You can use these amounts for current RDSPs, or RDSPs opened in January 2011 or later.

To apply for unused Bond entitlements, you must qualify to receive the Bond. You can apply until the end of the year you turn 49.

The amount of Bond you qualify for depends on family income in those years.

Bonds will be paid on unused entitlements, up to an annual maximum of:

$11,000 for bonds

The maximum amount of Bond paid over the beneficiary’s lifetime is $20,000.

Note: The Province of British Columbia also provides a one-time Disability Bond amount of $150 from the Endowment 150 Fund.

Do I Qualify?

Once you have an RDSP, you can apply for a bond if you:

are 49 years of age or under (if you are 49, you must apply before the end of the year)

are a Canadian resident

have a social insurance number and

are eligible for the Disability Tax Credit

Net Family Income
Up to or equal to $30,000.00

Maximum Annual CDSB
$1,000.00

Net Family Income
Between $30,000 and $45,916

Maximum Annual CDSB
$1,000 is reduced on a prorated basis (based on the formula in the Canada Disability Savings Act)

Net Family Income
Over $45,916

Maximum Annual CDSB
No bond is paid

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