• Man with Amputated Leg Standing on Top of a Mountain
    "I love NCIL and have been a member for many years. The focus is independence and abilities. Check it out!" ~Karen Lalonde
  • Registered Disability Savings

    Interested in increasing your financial security?

    Consider opening a Registered Disability Savings Plan

    A recent survey by BMO Financial Group found that only 10% of Canadians who qualify for the Registered Disability Savings Plan (RDSP) are knowledgeable about the program and only 5% have actually opened an RDSP.

    What is a Registered Disability Savings Plan?

    A Registered Disability Savings Plan (RDSP) is a long-term savings plan to help Canadians with disabilities and their families save money for the future. In general, RDSPs can be opened until the person who will receive the money (the beneficiary) turns 59.

    To help you save, the Government will pay a matching Canada Disability Savings Grant up to $3,500 a year on your contributions. The Government will also pay a Canada Disability Savings Bond of up to $1,000 per year into the RDSPs of low-income and modest-income Canadians.

    Who should consider opening an RDSP?

    You should consider opening an RDSP if you have a long-term disability and are:

    • Under the age of 60
    • A Canadian resident with a social insurance number
    • Eligible for the Disability Tax credit and
    • Looking for a long-term savings plan

    Want to find out more – get in touch!

    To request an RDSP information package contact Kellie Kirkwood at kellie@abilityforlife.ca or call 905-684-7111 x. 225.  We would be happy to mail out a package to you.

    We have staff who are knowledgeable about the program and would be happy to provide you with the information you need and to answer any questions you may have and to assist you with the application process.

    Additional information is also available on the Canada Revenue Agency website: www.grc-arc.gc.ca/disability.