Save for your child’s future
Ages 0-4
- Consider opening a Registered Disability Savings Plan (RDSP) for your child. A RDSP can help you save money faster through government contributions.
- To be eligible for a RDSP you need to be receiving the Disability Tax Credit.
- Consider opening a Registered Education Savings Plan (RESP) for your child. A RESP is a way to save for your child’s post-secondary education.
Suggested Resources
- The Government of Canada website includes information on the Registered Disability Savings Plan, the Disability Tax Credit and the Registered Education Savings Plan.
- Partners for Planning has section with easy to read information about the Registered Disability Savings Plan.
Ages 5-11
- Consider opening a Registered Disability Savings Plan (RDSP) for your child. A RDSP helps you save money faster through government contributions.
- To be eligible for a RDSP you need to be eligible for and receiving the Disability Tax Credit.
- Consider opening a Registered Education Savings Plan (RESP) for your child. A RESP is a way to save for your child’s post-secondary education.
Suggested Resources
- The Government of Canada website includes information on the Registered Disability Savings Plan, the Disability Tax Credit and the Registered Education Savings Plan.
- Partners for Planning has a section with easy to read information about the Registered Disability Savings Plan.
Ages 12-14
- Consider opening a Registered Disability Savings Plan (RDSP) for your child. A RDSP helps you save money faster through government contributions.
- To be eligible for a RDSP you need to be eligible for and receiving the Disability Tax Credit.
- Consider opening a Registered Education Savings Plan (RESP) for your child. A RESP is a way to save for your child’s post-secondary education.
Suggested Resources
- The Government of Canada website includes information on the Registered Disability Savings Plan, the Disability Tax Credit and the Registered Education Savings Plan.
- Partners for Planning has section with easy to read information about the Registered Disability Savings Plan.