CDSB (Canada Disability Savings Bond)

What it means

The Canada Disability Savings Bond is federal money paid directly into an RDSP for beneficiaries from lower-income families, up to $1,000 a year and $20,000 over a lifetime. Unlike the CDSG, no personal contribution is required to receive it.

Why it matters

Because it doesn't require a contribution, the CDSB means even a family that can't afford to contribute anything can still start building RDSP savings — opening the account and applying is enough to potentially receive it.

Common misunderstandings

• •It isn't paid at every income level — above a certain family net income, the bond amount is $0 for that year.
• •It's separate from the CDSG — a beneficiary can receive both in the same year.
• •Like the grant, bonds stop being paid after the year the beneficiary turns 49.

Where you'll see it

In RDSP applications for lower-income families, and often the reason an RDSP is opened even before regular contributions begin.