ATB Wealth Registered Disability Savings Plan (RDSP)

Improve the financial future of someone with a disability.

Available through ATB Wealth


  • Clicking the button will open a new page of ATB.com

Details

Overview

An RDSP is a long-term savings plan that benefits people with disabilities, and their families. The RDSP combines individual or family contributions with government grants and bonds. By investing wisely, the RDSP can grow into a significant asset.

We’ll set you up with a customized investment plan to help you meet your RDSP goals. Options include Guaranteed Investment Certificates (GICs), High Interest Savings Accounts (HISAs) and mutual funds like ATB’s proprietary Compass Portfolio Series.

Additional Information

  • Other features
    • Contributions aren’t tax deductible, but the tax is deferred on income earned until funds are withdrawn.
    • Withdrawals are referred to as disability assistance payments (DAPs). They can be flexible or periodic and must begin by the end of the year the beneficiary turns 60.
    • Canada Disability Savings Bond (CDSB): The government of Canada will deposit money into the RDSP of low-income individuals until the end of the year the beneficiary turns 49, regardless of whether contributions are made to the RDSP. Once the plan has been opened, the maximum payment is $1,000 annually, to a lifetime maximum of $20,000. The amount of the bond is based on the beneficiary’s family income.
  • Notes

    Beneficiaries of an RDSP must:

    • Be eligible for the Disability Tax Credit (DTC) as defined in the Income Tax Act
    • Have a Social Insurance Number (SIN)
    • Have filed tax returns for the previous two years in order to achieve the best possible grant and bond contribution
    • Be a resident of Canada when the plan is opened and when each contribution is made
    • Be under age 60 when the plan is opened, since contributions cannot be accepted after the end of the year the beneficiary turns 59.

    ATB Wealth consists of a range of financial services provided by ATB Financial and certain of its subsidiaries. ATB Investment Management Inc., ATB Securities Inc., and ATB Insurance Advisors Inc. are individually licensed users of the registered trade name ATB Wealth. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.

    ATB Investment Management Inc. ("ATBIM") manages the Compass Portfolio Series. ATBIM and ATB Securities Inc. ("ATBSI") are wholly owned subsidiaries of ATB Financial, and may operate under the registered trademark ATB Wealth. Additional information about the Compass Portfolio Series and other important disclosures may be found at compassportfolios.com

Details

Overview

An RDSP is a long-term savings plan that benefits people with disabilities, and their families. The RDSP combines individual or family contributions with government grants and bonds. By investing wisely, the RDSP can grow into a significant asset.

We’ll set you up with a customized investment plan to help you meet your RDSP goals. Options include Guaranteed Investment Certificates (GICs), High Interest Savings Accounts (HISAs) and mutual funds like ATB’s proprietary Compass Portfolio Series.

Additional Information

  • Other features
    • Contributions aren’t tax deductible, but the tax is deferred on income earned until funds are withdrawn.
    • Withdrawals are referred to as disability assistance payments (DAPs). They can be flexible or periodic and must begin by the end of the year the beneficiary turns 60.
    • Canada Disability Savings Bond (CDSB): The government of Canada will deposit money into the RDSP of low-income individuals until the end of the year the beneficiary turns 49, regardless of whether contributions are made to the RDSP. Once the plan has been opened, the maximum payment is $1,000 annually, to a lifetime maximum of $20,000. The amount of the bond is based on the beneficiary’s family income.
  • Notes

    Beneficiaries of an RDSP must:

    • Be eligible for the Disability Tax Credit (DTC) as defined in the Income Tax Act
    • Have a Social Insurance Number (SIN)
    • Have filed tax returns for the previous two years in order to achieve the best possible grant and bond contribution
    • Be a resident of Canada when the plan is opened and when each contribution is made
    • Be under age 60 when the plan is opened, since contributions cannot be accepted after the end of the year the beneficiary turns 59.

    ATB Wealth consists of a range of financial services provided by ATB Financial and certain of its subsidiaries. ATB Investment Management Inc., ATB Securities Inc., and ATB Insurance Advisors Inc. are individually licensed users of the registered trade name ATB Wealth. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.

    ATB Investment Management Inc. ("ATBIM") manages the Compass Portfolio Series. ATBIM and ATB Securities Inc. ("ATBSI") are wholly owned subsidiaries of ATB Financial, and may operate under the registered trademark ATB Wealth. Additional information about the Compass Portfolio Series and other important disclosures may be found at compassportfolios.com

  • Contact Us
  • 1-844-642-7940
  • Monday - Friday 9am - 6pm
  • Saturday 9am - 5pm

Available through ATB Wealth


  • Clicking the button will open a new page of ATB.com
  • Contact Us
  • 1-844-642-7940
  • Monday - Friday 9am - 6pm
  • Saturday 9am - 5pm