In this issue:
- Plan Uptake
- Message from James van Raalte, Director General, Office for Disability Issues
- Family Income Threshold for the Bond and Grant
- Showcasing the RDSP at the National Women’s Show in Montreal, Quebec
- Mail-outs to promote the RDSP
- Help us Promote the RDSP
- Prosper Canada
- Financial Consumer Agency of Canada
- Final Word
The Registered Disability Savings Plan (RDSP) provides government contributions in the form of bonds to beneficiaries with low to modest family income, regardless of whether or not they contribute financially to their plan. It also provides grants based on matching contributions from private sources. In 2015-16, the value of bonds and grants paid into RDSPs by the government totaled respectively $170M and $287M.
As of December 31, 2015, there were more than 123,000 plans registered. This is an increase of over 24,000 plans from last year. Currently, 22.1% of individuals 0 to 49 years of age who are eligible to open a plan have done so. Through different RDSP awareness initiatives, ODI will continue to reach out to those eligible Canadians who have not yet opened a plan.