Registered Disability Savings Plan

Registered Disability Savings Plan

 

 Registered Disability Savings Plan (RDSP) is a long-term savings plan to help Canadians with disabilities and their families save for the future. With written permission from the person who manages the Registered Disability Savings Plan (RDSP) , anyone may contribute any amount to the Registered Disability Savings Plan (RDSP) each year, up to the lifetime contribution limit of $200,000.

Registered Disability Savings Plan (RDSP)

The person with a disability for whom the Registered Disability Savings Plan (RDSP) is opened (the beneficiary) may also be eligible for grants and bonds to help with long-term savings.

The Canada Disability Savings Bond is money the Government deposits into the Registered Disability Savings Plan (RDSP) of modest-income Canadians. Beneficiaries who qualify for the Bond can receive up to $1,000 a year, depending on their family income. There is a limit of $20,000 over the beneficiary's lifetime. Bonds are paid into the RDSP until the end of the calendar year in which the beneficiary turns 49 years of age. Beneficiaries are eligible for the Bond even if no contributions are made to the RDSP.

The Canada Disability Savings Grant is money the Government deposits into Registered Disability Savings Plan (RDSP) to help people with disabilities save. The Government provides grants of up to 300 percent of contributions, depending on the amount contributed and the beneficiary's family income. The maximum grant is $3,500 each year, with a limit of $70,000 over the beneficiary's lifetime. Grants are paid on contributions made to the RDSP until the end of the calendar year in which the beneficiary turns 49 years of age.

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Since launching the Registered Disability Savings Plan (RDSP) in 2008, over 100,000 plans have been opened across Canada, and the Government has contributed over $1 billion in bonds and grants into those RDSPs.

Labour Market Agreements for Persons with Disabilities

Labour Market Agreements for Persons with Disabilities (LMAPDs) are the single largest federal government investment in helping Canadians with disabilities get jobs. Currently, there are about 300,000 interventions each year through over 100 programs, which are designed and delivered by provinces and territories. Examples of supported programs could include employment counselling, career planning, pre-employment preparation, skills training, wage subsidies, technical aids and other supports.

Economic Action Plan 2014 reaffirmed the Government's commitment to introduce a new generation of LMAPDs with an investment of $222 million per year beginning in 2014–15. The reformed Agreements are designed to better meet the employment needs of Canadian businesses and improve the employment prospects for people with disabilities.

 

Government improves accessibility for Canadians with disabilities in Winnipeg

Government improves accessibility for Canadians with disabilities in Winnipeg

WINNIPEG, May 21, 2015

Government improves accessibility for Canadians with disabilities in Winnipeg was announced by the Honourable Kevin Sorenson, Minister of State (Finance), and Lawrence Toet, Member of Parliament for Elmwood–Transcona, on behalf of the Honourable Candice Bergen, Minister of State for Social Development, today announced $50,000 in funding to improve accessibility at Transcona Memorial United Church.

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Transcona Memorial United Church will undertake renovations to increase accessibility to its programs and services. Building improvements will include an expanded basement with accessible hallways to connect the basement rooms, barrier-free washrooms and a larger capacity elevator.

Government improves accessibility for Canadians with disabilities in Winnipeg.The funding is provided through the Enabling Accessibility Fund, which

Government improves accessibility for Canadians with disabilities

supports the inclusion and participation of Canadians with all abilities in every aspect of society.

Today's announcement is one example of what the Government is doing to help Canadians. To help hard-working families, the Government is also enhancing the Universal Child Care Benefit, introducing the Family Tax Cut and making improvements to the Child Care Expenses Deduction and the Children's Fitness Tax Credit.

Quick Facts

Since the launch of the Enabling Accessibility Fund (EAF) in 2007, the Government of Canada has funded over 1,800 projects, helping thousands of Canadians gain better access to their communities' facilities, programs and services.

In 2013, the Government of Canada extended the EAF on an ongoing basis at $15 million per year to improve accessibility in facilities across Canada, including workplaces.

In recent years, the Government of Canada has taken concrete action to support programs for people with disabilities:
The Opportunities Fund for Persons with Disabilities has helped 40,000 people with disabilities across Canada to prepare for, obtain and maintain employment or self-employment.

As of March 2015, Canadians have registered over 100,000 Registered Disability Savings Plans and have benefitted from over $1 billion in bonds and grants deposited by the federal government

The Government provides $222 million annually to the provinces and territories through Labour Market Agreements for Persons with Disabilities to help Canadians with disabilities develop skills to improve their job prospects.

Through Economic Action Plan 2014, the Government is providing $15 million over three years to the Canadian Association for Community Living to help connect people with developmental disabilities with jobs. It is also providing $11.4 million over four years to the Sinneave Family Foundation and Autism Speaks Canada to expand vocational training programs for people with autism spectrum disorders.

The Universal Child Care Benefit would increase from $100 to $160 per month (totalling up to $1,920 per year) for children under the age of 6, and parents would receive a new benefit of $60 per month (up to $720 per year) for each child aged 6 through 17.