Open Menu Login Open Menu Registered Disability Savings Plan (RDSP) An RDSP is a special program that helps Canadians with disabilities save for long term financial requirements. Designed for Canadians with disabilities and their families Book an appointment About RDSP What TD Offers Registered Disability Savings Plan A Registered Disability Savings Plan (RDSP) is a special program for Canadians with disabilities and their families, to help save for long-term financial needs1 like future medical costs. Learn more. Benefits of a TD RDSP*1 Government assistance To help your savings grow faster, the government provides grants and bonds. Tax-deferred growth Income earned from the RDSP grows on a tax-deferred basis until funds are withdrawn, after which they are taxed as income. No annual maximum Contributions can be up to a lifetime limit of $200,000 and can be made up until the end of the beneficiary’s 59th year. A beneficiary can withdraw from an RDSP in two ways: Annual withdrawals Annual withdrawals, or Lifetime Disability Assistance Payments (LDAPs), begin by the end of the year in which the beneficiary turns 60. These annual payments will then continue for the life of the beneficiary. One-time withdrawal This form of withdrawal is known as a Disability Assistance Payments (DAPs)2, and can be paid to the beneficiary any time after the RDSP is established. Legal You may also be interested in: Registered Disability Savings Plan Find out more about the Registered Disability Savings Plan Learn more Investing 101 Find out more about the basics of investing Learn more Ways to Apply Book an appointment Meet with a banking specialist in person at the branch closest to you. Book now Call us Our banking specialists are ready to answer your questions and can assist you with your application. 1-800-465-5463 Have a question? Find answers here Enter your question Ask us Popular questions Need to talk to us directly?Contact us Follow TD Twitter Facebook Instagram YouTube LinkedIn Privacy & Security Legal Accessibility CDIC Member About Us We're Hiring Ad Choices & Personalization Site Index