How to Use the RDSP Calculator
Step-by-step guide to calculating your RDSP projection with CDSG and CDSB benefits. Learn how to maximize government grants for disability savings.
Estimated time: 5-10 minutes
AI Generated by TrackMoola
Check DTC Eligibility
Ensure you have a valid Disability Tax Credit certificate from CRA. This is required to open an RDSP.
Gather Your Information
Collect your birth year, household income, and current RDSP balance (if you have one).
Enter Your Profile
Input your birth year and household income. The calculator will determine your grant and bond eligibility.
Plan Your Contributions
Enter your planned annual contribution, years to contribute, and expected return rate.
Review Your Projection
See your projected RDSP value, lifetime grants, and government benefits. Check the year-by-year breakdown for detailed insights.
Optimize Your Strategy
Adjust contribution amounts to maximize grants. For low income, $1,000/year is optimal. For mid income, $1,500+ captures the full grant.