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.