RDSP
Business & Finance abbreviation · Personal Finance
| Stands for | Registered Disability Savings Plan |
|---|---|
| Categories | Business & Finance |
RDSP stands for Registered Disability Savings Plan, a personal finance abbreviation.
Canadian long-term savings plan for people eligible for the disability tax credit, to which the federal government adds matching grants and bonds that can reach $90,000 and $20,000 over a lifetime.
Example: Our RDSP received the full $3,500 grant this year.
Usage notes
Introduced in 2008; grants and bonds may have to be repaid if withdrawals begin within 10 years of the last government contribution.
Related abbreviations
More personal finance abbreviations
- PIA – Primary insurance amount
- POD – Payable on death
- PPF – Public Provident Fund
- PSLF – Public Service Loan Forgiveness
- QDRO – Qualified domestic relations order
- QLAC – Qualified longevity annuity contract
- RESP – Registered Education Savings Plan
- RMD – Required minimum distribution
- Roth 401(k) – Roth designated account within a 401(k) plan
- Roth IRA – Roth individual retirement account
- RRIF – Registered Retirement Income Fund
- RRSP – Registered Retirement Savings Plan