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A bit of history
The Registered Disability Savings Plan (RDSP) is a savings plan designed specifically for people with disabilities in Canada. The first of its kind in the world, this new tax-deferred savings vehicle will assist around 500,000 Canadians in planning for long-term financial security.
The federal government implemented the RDSP on December 1, 2008. This was the result of many years of advocacy by Planned Lifetime Advocacy Network (PLAN), families, and supporters. PLAN worked with the provinces to accommodate the RDSP by raising asset limits and eliminating claw backs.
The Honorable Jim Flaherty, Minister of Finance, championed the RDSP concept within government. Employees in Finance Canada, Human Resources and Skills Development Canada, and Justice Canada, worked long hours at breakneck speed to make the idea a reality.
View some video clips from the RDSP launch in Toronto on December 3, 2008.