Service Description
A registered savings plan that helps eligible Canadians with disabilities and their families save for long-term financial needs. Benefits:
- Defers tax on investment income
- Use funds for anything
- Receive government contributions.
Eligibility
Who can open an RDSP and be the plan holder if you are:
- a person with a disability who is the age of majority and has the capacity to manage his or her finances; or
- the legal parent of a child with a disability who has not reached the age of majority; or
- a guardian or other representative who is legally authorized to act on behalf of a person with a disability.
- plan holder does NOT have to be a Canadian resident.
Who can be a beneficiary?
Beneficiaries must have a valid Social Insurance Number (SIN) and be:
- eligible for the Disability Tax Credit (DTC)
- a Canadian resident when the plan is set up and when each contribution is made
- under age 60 when the plan is opened, since contributions cannot be accepted after the end of the year the beneficiary turns 59.
* A beneficiary can only have one RDSP at a given time.
Application Process
Call, visit a branch, or apply online.
Documents Required
Social Insurance Number
Toll-Free: 1-866-525-8622
Hours of Operation
Varies by branch location.
Service Website
www.cibc.com/en/personal-banking/investments/disability-rdsp/about-rdsps.html
Coverage Area
Saskatchewan, Canada
Languages Offered
English
CIBC Branch Locations
Location Info
Hours of Operation
Varies by branch location.
211 Saskatchewan strives to make sure information is correct. However, there are often changes to community services, which means inaccuracies may be possible. The information presented by 211 Saskatchewan may be subject to change.