December 2021 – Contribute to a registered disability savings plan (RDSP) if you or a family member under 60 qualifies for the disability tax credit (DTC), you may be able to set up a registered disability savings plan (RDSP). An RDSP has several advantages: The beneficiary may qualify for matching government contributions in the form of a Canada Disability Savings Grant (CDSG), worth as much as $3,500 on the first $1,500 of contributions. In addition, the government provides an annual Canada Disability Savings Bond (CDSB) of up to $1,000, based solely on family net income, not contributions. There are no annual maximum contribution limits, only a lifetime limit of $200,000. Contributions can be made at any time up to the end of the year in which the RDSP beneficiary reaches the age of 59. Be familiar with carry forward rules and rules to maximize unused entitlements from prior years.