RDSP Calculator Canada

What the RDSP calculator does

A Registered Disability Savings Plan is the main long-term savings plan for Canadians who qualify for the Disability Tax Credit, and its distinguishing feature is generous government money. The calculator shows your contributions, the Canada Disability Savings Grant they earn, the Canada Disability Savings Bond paid to lower-income beneficiaries, and the compounded growth on all of it.

The grant and bond are each capped in more than one way and depend on family income, so the calculator applies each cap year by year rather than assuming unlimited matching.

How the grant works

• Enhanced matching: with family income at or below the enhanced ceiling, the first $500 of contributions is matched at 300% and the next $1,000 at 200%, up to $3,500 a year.
• Standard matching: above that ceiling, contributions are matched at 100% on the first $1,000, so the yearly grant is smaller.

A lifetime grant maximum of $70,000 per beneficiary sits on top. The calculator works out the match for your income, then trims it to the annual cap and any remaining lifetime room.

How the bond works

The bond needs no contribution. For lower-income beneficiaries the government deposits it directly into the plan, up to an annual amount and a separate lifetime maximum, which makes an RDSP worthwhile even for families who cannot contribute. The calculator pays the full annual bond up to a lower family income and reduces it in a straight line to zero at the bond ceiling.

A worked example

You contribute $1,500 a year for ten years with family income of $40,000, assuming a 5% return. Each year’s contribution earns the full $3,500 grant, $35,000 over the decade. At that income the bond is partly reduced, adding about $9,131 in total. With about $15,243 of growth on top of your $15,000 of contributions, the plan is projected to reach about $74,374. The grant and bond together are about three times what you put in.

Tax-sheltered growth

Investment income inside the plan is not taxed as it builds, so contributions, grant, bond and growth all compound together. On withdrawal, your contributions come out tax-free, while the grant, bond and growth are taxable to the beneficiary, often at little or no tax because the beneficiary’s income is low.

Reading the projection sensibly

The expected return is an assumption, and real returns vary. Try a cautious and an optimistic rate side by side. In the early years the grant and bond matter far more than the return, and unlike market returns they are near-certain as long as you qualify and contribute enough.

When to use it

• When opening a plan, to see the combined effect of contributions, grant, bond and growth.
• When setting a contribution, to make sure you capture the enhanced grant while you qualify.
• When income changes, to see how the grant rate and bond shift.
• When comparing the RDSP with saving elsewhere.

Things to keep in mind

The match rates, caps and income ceilings are set by the government and indexed, and the calculator uses maintained figures. It stops contributions at the lifetime contribution limit but does not model carry-forward of unused past grant and bond entitlement. Grant and bond entitlement generally end after the year the beneficiary turns 49, and a ten-year rule can require repaying recent grant and bond if money is withdrawn early. Eligibility depends on qualifying for the Disability Tax Credit, so confirm the details with your plan provider.

This information is general in nature and is not financial advice.

About This RDSP Calculator

Use this RDSP calculator to get an instant, accurate estimate. The figures follow official guidance and every rate and threshold is kept up to date for 2026. Adjust the inputs above to match your situation, or browse all our calculators to plan your next step.