CDSB
Canada Disability Savings Bond

In order to be eligible to receive the CDSB the following conditions must be met:

• The account holder must:
  • Have an RDSP
  • Have filed a tax return if the beneficiary is 18 years of age or older
  • Be eligible to receive the Canada Child Tax Benefit if beneficiary is under 18.
  • Complete a Bond application and provide a signed copy to the Issuer
• The beneficiary must:
  • Be a resident of Canada
  • Be eligible for the Disability Tax Credit (DTC)
  • Must not have more than $200,000 contributed to the plan
  • Be under age 49 at the end of the preceding year the contribution was made

The amount of the CDSB is based upon the family net income as follows: (2018 figures reported below):

If the beneficiary's family net income is less than or equal to $30,450, then the beneficiary may receive $1,000 in Bond for that particular year.

If the person in respect of whom a special allowance is payable under the Children's Special Allowances Act for at least one month in that year, then they may receive $1,000.

OR

If the beneficiary's family net income is greater than $30,450, but less than $46,605, then the beneficiary will receive a portion of the $1,000 based upon the following formula:

$1,000 - [$1,000 x (A-B) / (C-B)] where:
A= Family Income
B= $30,450
C= $46,605