Registered Disability Savings Plan (RDSP) 

Advantages:

1. Free Money From the Government

This is the biggest advantage.
The government gives two types of contributions:

a) Canada Disability Savings Grant (CDSG)

• The government matches personal contributions by 100% to 300%.

• Up to $3,500 per year.

• Up to a lifetime maximum of $70,000.

b) Canada Disability Savings Bond (CDSB)

• For low-income families.

• You don’t have to contribute anything.

• The government can deposit up to $1,000 per year,

• Up to $20,000 lifetime.

2. Tax-Free Growth

Money inside the RDSP grows tax-free until it’s withdrawn.
This includes:

• Interest

• Dividends

• Capital gains

It’s perfect for long-term compounding.