The Canada Disability Savings Bond

1

Disability Bond Amounts

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Source: RDSP Canada

What is the Disability Bond?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Bond for Canadians living with a mental or physical impairment. It is free money, with no deposits required on your behalf. Learn about your eligibility here.

 

 

 

How much money is available?

 

The maximum lump-sum that you may receive in 2019 is $12,000. Subsequent deposits are made annually with a lifetime maximum of $20,000. In some circumstances, the Disability Bond may be collected retroactively.

 

2

Am I eligible?

 

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

 

Disability Bond 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.

 

3

What is the process?

 

Collecting the Disability Bond and/or Disability Grant 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 2019. We will also inform you of your eligibility to collect the benefits retroactively.

 

Step Three: Apply for the Disability Bond and/or Disability Grant. 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 is the Disability Bond?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Bond for Canadians living with a mental or physical impairment. It is free money, with no deposits required on your behalf. Learn about your eligibility here.

 

 

How much money is available?

 

The maximum lump-sum that you may receive in 2019 is $12,000. Subsequent deposits are made annually with a lifetime maximum of $20,000. In some circumstances, the Disability Bond may be collected retroactively.

 

What is the Disability Bond?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Bond for Canadians living with a mental or physical impairment. It is free money, with no deposits required on your behalf. Learn about your eligibility here.

 

How much money is available?

 

The maximum lump-sum that you may receive in 2019 is $12,000. Subsequent deposits are made annually with a lifetime maximum of $20,000. In some circumstances, the Disability Bond may be collected retroactively.

 

What is the Disability Bond?

 

In 2008, the Federal Government of Canada launched the Canada Disability Savings Bond for Canadians living with a mental or physical impairment. It is free money, with no deposits required on your behalf. Learn about your eligibility here.

 

 

 

How much money is available?

 

The maximum lump-sum that you may receive in 2019 is $12,000. Subsequent deposits are made annually with a lifetime maximum of $20,000. In some circumstances, the Disability Bond may be collected retroactively.