Registered Disability Savings Plans (RDSPs)
An RDSP is a powerful savings tool designed for Canadians and their families with disabilities.
Why invest your money in an RDSP
RDSPs allow your money to grow tax deferred. The beneficiary of the account will not pay tax on earnings until the funds are withdrawn.

What is an RDSP?
An RDSP helps parents and others save for the long-term needs of a person with a severe and prolonged mental or physical impairment.
The disabled person who will receive the funds is called the beneficiary. To qualify for an RDSP, the beneficiary must be eligible for the Disability Tax Credit.*

What about contribution limits?
There is a $200,000 lifetime contribution limit, which can be made until the end of the year the beneficiary turns 59.* Withdrawals must begin in the year that the beneficiary turns 60 and are subject to an annual withdrawal limit.

Does the government also contribute?
Yes, to help boost your savings the Government of Canada provides Canada Disability Savings Grants (CDSG) and Canada Disability Savings Bonds (CDSB). The maximum grant (CDSG) is $3,500 each year, with a total liftetime maximum of $70,000. The maximum bond (CDSB) is $1,000 each year, with a lifetime limit of $20,000. No contributions have to be made to receive the bond.
Is this Registered Plan right for you?

Right for you if you:
- Need an account to save on a tax-deferred basis for the long-term needs of a person with a severe and prolonged mental or physical impairment
- Are eligible for the Disability Tax Credit
- Want to have funds in an RDSP that are eligible for Canadian Government grant/bond

May not be right for you if you:
- Not eligible for the Disability Tax Credit
- Do not have available contribution room
The Investment Companion Booklet includes important information about our products, services, and fees.
Scotiabank - INVESTMENT COMPANION BOOKLET - June
Scotiabank - INVESTMENT COMPANION BOOKLET - June | pdf : 732
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Building your RDSP

ScotiaFunds® Portfolio Solutions
Our Portfolio Solutions offer a diversified mix of mutual funds in the convenience of single investment to help you grow your savings while carefully managing risk. Whether you are seeking regular income or long-term growth, there’s a portfolio solution designed to help you achieve your goals.

Mutual Funds
Mutual funds deliver instant diversification and professional money management in a cost-effective and convenient solution.

Guaranteed Investment Certificates (GICs)
Earn up to 15,000 Scene+TM points on an eligible GIC.♢
A worry-free investment product that keeps your principal investment safe and has a guaranteed rate of return.

Government Disability Programs
The Canadian government will contribute to a person's RDSP through the Canada Disability Savings Grant and Canada Disability Savings Bond.
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GIC Investment Campaign Offer T&Cs
The Scotiabank GIC Bonus Scene+ Points Offer (the “Offer”) is available to individuals who purchase a Canadian Dollar Non-Redeemable GIC with a term of at least 2 years (“Eligible GIC”) between December 1, 2022, and March 31, 2023 (the “Offer Period”) and meet all other Offer conditions.
All other Scotiabank GICs, including non-redeemable GICs with terms less than 2 years, Market Linked GICs, Personal Redeemable GICs, Cashable GICs, and Guaranteed Income Optimizers are not eligible for the Offer. Eligible GICs can be purchased within either non-registered account or registered plans such as RRSP, TFSA, etc.
To qualify for a Scene+ point bonus (the “Points Bonus”):
- Purchase a new or renew an existing investment into an Eligible GIC during the Offer Period.
- The sum of Eligible GIC principal amounts purchased during the Offer Period must be equal to or greater than $5,000.
- By or on May 1, 2023, hold a Scotiabank debit or credit card that earns Scene+ Rewards (click here for eligible products) in good standing.
The Points Bonus you qualify for (Tier 1-4) will depend on the sum of Eligible GIC principal amounts purchased during the Offer Period under step 2 above, as follows:
|
Tier 1 |
Tier 2 |
Tier 3 |
Tier 4 |
---|---|---|---|---|
Sum of Eligible GIC Principal Amounts |
$5,000 - $49,999 |
$50,000 – $249,999 |
$250,000 - $999,999 |
≥$1,000,000 |
Points Bonus |
1,500 |
3,000 |
9,000 |
15,000 |
The Points Bonus will be credited to the Scene+ membership account connected to your Scotiabank debit or credit card by July 31, 2023, provided all Offer conditions outlined above have been satisfied. Your Eligible GIC(s) must be open at the time of the Points Bonus payout. If more than one (1) Eligible GIC is purchased and each qualifies for the Offer, the Points Bonus will be credited based on the sum of the Eligible GIC principal amounts purchased during the Offer Period. If the Eligible GIC(s) is purchased in a joint investment plan, only the primary joint account holder will be eligible to receive the Points Bonus. If an eligible customer has multiple Scene+ membership accounts, only one account will be credited. All other terms and conditions of the Eligible GIC(s) purchased/renewed continue to apply, including any minimum amounts.
This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Points Bonus per customer, regardless of the number of Eligible GICs opened. Offer may be changed, cancelled, or extended at any time and cannot be combined with any other offers except as otherwise permitted.
SCENE LP in its sole discretion, reserves the right to revoke any Scene+ points issued in connection with this Offer and/or cancel Scene+ membership accounts, if SCENE LP feels the Scene+ points were issued or used fraudulently or not in accordance with these Terms and Conditions. Any discrepancies with Scene+ points must be addressed with the SCENE Help Centre at support@sceneplus.ca.
™ Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.