Saving money?

A piggy bank

Psoriatic disease can affect your ability to work and save and can affect your financial security. The Registered Disability Saving Plan (RDSP) is a savings plan intended for people with disabilities and their families to save for long-term financial security. To be eligible for the RDSP, you must receive approval for the Disability Tax Credit. You can open an RDSP at many financial institutions and can make contributions until the age of 59. If you are approved, you might be eligible for grants or bonds from the government depending on your income and contributions to the RDSP account:

  • Canada Disability Savings Grant program is where the government will pay matching grants up to a maximum of $3,500 in one year, and up to $70,000 over the beneficiary’s lifetime into the The matching grant depends on family income and can be paid until the age of 49.
  • Canada Disability Savings Bond program is where the government will pay a maximum of $1000 per year into the RDSP based on family income and until the age of 49.