Step 9 - Registered Disability Savings Plan

Here is information on how to decide how to invest your money.

Once you have money in your RDSP, you need to decide how to invest it so that it will grow. You will need to speak with a financial advisor or staff at your financial institution. Come prepared with the answers to these questions:

1. How old are you now?
2. How old will you be when you want to use your money?
3. How will this money help you? (List 3 ways.)
4. What are you saving for? (House? Car? Money to top up your disability benefits?)
5. How much money do you get each year? (In grants, bonds, and other income)
6. Who else will be contributing to your RDSP?
7. Have you ever invested money before?
8. How involved do you want to be in your investments?
9. Does it matter to you what your money is invested in? (For instance, would you prefer to invest in green energy rather than fossil fuels?)

Aside

Tip for families and friends

If you are investing on behalf of a loved one, be prepared with the answers to these questions:

1. How old is your loved one?
2. What will they use the money for?
3. What is your family income?
4. How much are you planning to contribute to the RDSP each year?
5. Is anyone else planning to contribute as well, such as family or friends?
6. What difference will an RDSP make to your loved one’s life?

Learn more about choosing investments in the Plan Institute’s How do I Invest my RDSP?