To be eligible for the Registered Disability Savings Plan, you must:
1) Make sure you or your relative qualify for the Disability Tax Credit;
2) Be a Canadian Resident and have a valid Social Insurance Number;
3) Be under 60 years of age;
4) If your child is under age 18, make sure you sign up for the Canada Child Tax Benefit;
5) File a tax return for two years prior (to receive the Grant and Bond)
After you have completed or verified these 5 Steps, you are now ready to set up an RDSP with a financial institution that offers the plan.
1) Make sure you or your relative qualify for the Disability Tax Credit;
2) Be a Canadian Resident and have a valid Social Insurance Number;
3) Be under 60 years of age;
4) If your child is under age 18, make sure you sign up for the Canada Child Tax Benefit;
5) File a tax return for two years prior (to receive the Grant and Bond)
After you have completed or verified these 5 Steps, you are now ready to set up an RDSP with a financial institution that offers the plan.