The Canada Disability Savings Grant

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Disability Grant Amounts

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Source: RDSP Canada

What is the Disability Grant?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Grant for Canadians living with a mental or physical impairment.

 

 

 

How much money is available?

 

The Disability Grant is a matching-program. You will receive a matching ratio of 100%-300% on your deposits. The lifetime maximum Grant is $70,000

 

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How do I qualify?

 

To determine if you qualify, use the Disability Grant Eligibility form:

 

Disability Grant Eligibility

 

 

You will know within 5-15 business days if you qualify. If you do not qualify, you will be provided with the reason(s) why you are not eligible and what steps to take to change your qualification status (if applicable).

 

 

 

Are there any fees?

 

There are no fees for any of the services provided by RDSP Canada. This includes any assistance received regarding eligibility qualifications, the Disability Bond, the Disability Grant, the RDSP and/or the Disability Tax Credit.

 

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What is the process?

 

Collecting the Disability Grant and/or Disability Bond is a 3-step process:

 

Step One: Determine your eligibility by submitting the Disability Bond Eligibility form. The form is available here.

 

Step Two: If you qualify, we will send you a Statement indicating the amount of Disability Bond and/or Disability Grant you will receive in 2018. We will also inform you of your eligibility to collect the benefits retroactively.

 

Step Three: Apply for the Disability Grant and/or Disability Bond. If you are eligible to collect the benefits retroactively, we will connect you with a Benefits Specialist to assist with this process.

 

Again, there are no fees for any assistance offered by RDSP Canada.

 

Program Participation

Number of Canadians that are eligible to collect the Bond and/or Grant: 500,000

 

Number of Canadians that are collecting the Bond and/or Grant: 141,000

 

Number of Canadians that are eligible but not collecting the Bond and/or Grant: 359,000

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  • WHAT ARE THE FEES?

     

    There are no fees for any assistance that is provided by RDSP Canada. This includes, but is no limited to, any of the following:

     

    A. Determining your eligibility for the various benefits program.

    B. Calculation of your benefits.

    C. The sending of your Statement of Benefits.

    D. The referring of a Benefits Specialist.

    E.  Assistance with Disability Tax Credit (DTC) application process, etc.

     

    Please note: All Benefits Specialists referred by RDSP Canada are fully licensed and there are no fees for their assistance.

     

     

  • HOW LONG DOES IT TAKE TO GET THE BENEFITS?

    Typical time frames are as follows:

     

    A. To determine your eligibility for the Disability Bond and/or Grant: 5-15 business days

    B. First deposit of the Bond and/or Grant: 60-90 days

    C. Qualification of additional benefits program (provincial and/or federal): 90-120 days

  • WHAT IS A BENEFITS SPECIALIST?

    A Benefits Specialist is an individual who will assist you in collecting all of your provincial and federal entitlements.

     

    They will help to determine your eligibility for various programs and assist you with applying.

     

    All Benefits Specialists referred by RDSP Canada are fully licensed to assist you. You may verify their credentials with the Canadian Securities Administrators (CSA) by visiting the CSA website and entering your Benefits Specialist’s name.

    Access the CSA here: Canadian Securities Administrators  - National Registration.

     

    There are no fees for assistance provided by a referred Specialist.

  • IS THE DISABILITY BOND DIFFERENT THAN THE DISABILITY TAX CREDIT (DTC)?

    Yes, the Disability Bond is different.

     

    The Disability Tax Credit (DTC) is a non-refundable tax credit used to reduce the income tax you pay. It's available for people with a severe and prolonged physical or mental impairment, subject to approval by the Canada Revenue Agency (CRA). Even if an individual living with a disability earns no income, they should still qualify for the DTC, as there are other programs that provide funds that require the DTC to become eligible for the benefits.

     

    The Canada Disability Savings Bond is money that the Federal Government of Canada contributes to a special registered account for the person living with the impairment. The benefit can be collected retroactively (if applicable). The maximum lump-sum deposit for 2018 is $11,000. Subsequent deposits are made annually (a maximum of $1,000/year). The lifetime maximum for the Disability Bond is $20,000.

     

    To determine your eligibility to receive the Disability Bond, visit: Disability Bond Eligibility

What is the Disability Grant?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Grant for Canadians living with a mental or physical impairment.

 

 

 

How much money is available?

 

The Disability Grant is a matching-program. You will receive a matching ratio of 100%-300% on your deposits. The lifetime maximum Grant is $70,000.

 

What is the Disability Grant?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Grant for Canadians living with a mental or physical impairment.

 

 

 

How much money is available?

 

The Disability Grant is a matching-program. You will receive a matching ratio of 100%-300% on your savings. The lifetime maximum Grant is $70,000.

What is the

Disability Grant?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Grant for Canadians living with a mental or physical impairment.

 

 

 

How much money

is available?

 

The Disability Grant is a matching-program. You will receive a matching ratio of 100%-300% on your savings. The lifetime maximum Grant is $70,000.