Registered Disability Savings Plan: empowering your financial future.
An RDSP helps Canadians living with a disability save for the long term, with tax-sheltered growth and up to $90,000 in government grants and bonds.
Lifetime maximums, if eligible
Government money working for you.
- $70,000 Canada Disability Savings Grant
- $20,000 Canada Disability Savings Bond
- $90,000 Total grants and bonds available
- $200,000 Lifetime contribution limit, no annual limit
Empire Life RDSP
Savings growth with insurance protection.
Empire Life’s RDSP, the first offered by a Canadian life insurance company, invests in Guaranteed Investment Funds: segregated fund contracts with maturity and death benefit guarantees.
- Insurance guaranteesMaturity and death benefit guarantees that many other investments cannot offer.
- Automatic death benefit resetsEvery year until age 80, locking in market growth.
- A wide range of fundsFrom fixed income to 100% equity, chosen with your advisor.
- Catch up on missed moneyIf the beneficiary had the DTC in any of the past 10 years, carry-forward grants and bonds may be available.
Apply entirely online, with your advisor.
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Talk to us
We confirm eligibility and help with the Disability Tax Credit if needed.
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Apply online
Application and government forms are completed automatically, with e-signatures and no paperwork. A paper application is also available.
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Grow your savings
Family and friends can contribute, while grants and bonds are added to the plan.
RDSP questions.
Plain answers. If yours isn't here, ask us directly.
Ask an advisorAnyone, with the plan holder’s written consent: the holder, the beneficiary, family members and friends.
Until the end of the year the beneficiary turns 49. Some provinces also offer RDSP grants.
Lifetime Disability Assistance Payments (LDAP) must begin by December 31 of the year the beneficiary turns 60 and continue for life. Single lump-sum Disability Assistance Payments (DAP) can also be requested, and Empire Life offers them.
Withdrawals may require repaying grants and bonds received in the previous 10 years: $3 of grants or bonds for every $1 withdrawn. Talk to us before taking money out.
Once medically certified, the RDSP can be changed to a Specified Disability Savings Plan (SDSP) for more flexible access to savings.
Start filing the beneficiary’s tax return at age 17, even with no income. The government uses returns from two years earlier to set grant and bond amounts.
Don’t miss out on your RDSP benefits.
Available in Alberta, Saskatchewan, Manitoba and Ontario. Segregated fund contracts are issued by The Empire Life Insurance Company; any amount allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value.