• A legal parent, guardian, tutor, curator or an individual who is legally authorized to act on behalf of the beneficiary can be named as an Account Holder. A public department, agency or organization that is legally authorized to act on behalf of the beneficiary may also be named as an Account Holder. A beneficiary, who has reached age of majority, may also be named as an Account Holder.
• There are no restrictions as to who can contribute to an RDSP. Anyone can make a contribution to a plan provided that the contributor has the written consent of the Account Holder.
• An individual who is a Canadian resident and under 60 years of age can become an RDSP beneficiary. The individual must be eligible to receive the disability tax credit as described by the Canada Revenue Agency and be a Canadian resident.
• Only one beneficiary per plan is allowed. Multiple beneficiaries are prohibited.
• An RDSP can be held in joint ownership. Parents can be named Account Holders, where required.

Note: When the Beneficiary turns 18 years of age, CDSG and CDSB payments are based on their net annual income.

The last day a beneficiary is eligible to receive the CDSG and CDSB is December 31st of the year in which the beneficiary turns 49 years of age.