Low awareness limits uptake of federal disability savings plans among eligible Canadians
Only about 34 per cent of Canadians eligible for the Registered Disability Savings Plan have opened one, a 2024 Statistics Canada investigation found, versus roughly 68 per cent uptake for TFSAs and RRSPs. The plan offers up to $70,000 in federal grants and $20,000 in bonds, but take-up is held back by low awareness, few providers, and a 16-page clinician questionnaire needed to qualify for the Disability Tax Credit.
Frontline workers may be the first to tell eligible clients about a plan worth up to $90,000 in federal help that most never hear about.
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News source: Low awareness limits uptake of federal disability savings plans among eligible Canadians (opens in a new tab) — CBC News
