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Simply put, to be eligible to open an RDSP, a person must meet the following four criteria:
- Qualify for the Disability Tax Credit – also known as the Disability Amount for tax purposes
- Be under the age of 60 – the RDSP must be opened before December 31st of the year in which the person turns 59
- Be a resident of Canada (currently living in Canada)
- Have a valid Social Insurance Number
Would you like to open an RDSP but aren’t sure if you qualify for the Disability Tax Credit? Click here to Contact us and find out!
Recent Comments
- Deanna on Carry Forward of Grant and Bond Implemented
- Jane Majer on Account Holders and Representation Agreements
- Carol Stinson on Where to open an RDSP
- Carol Stinson on Carry Forward of Grant and Bond Implemented
- myles on Delays in the Payment of Grant or Bond?
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