What is the Canada Disability Savings Bond?
The Canada Disability Savings Bond is money that the Government will deposit into the RDSPs of low-income and modest-income Canadians. Beneficiaries that qualify for the bond will receive up to $1,000 a year from the Government of Canada, with a limit of $20,000 over the beneficiary’s lifetime. Bonds will be paid into the RDSP until the year the beneficiary turns 49 years old. You do not need to make any contributions to your RDSP to receive the bond; however, you must apply for the bond at the financial organization where you have your RDSP.
