A Registered Disability Savings Plan (RDSP) is a Canadian program designed to enable individuals with disabilities

Disability

A disability may be physical, cognitive, mental, sensory, emotional, developmental or some combination of these.Many people would rather be referred to as a person with a disability instead of handicapped...

 to build wealth and receive matching federal bond

Government bond

A government bond is a bond issued by a national government denominated in the country's own currency. Bonds are debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to a company or country...

s and grants. The Federal Minister of Finance commissioned an Expert Panel Report on Financial Security for Children with Severe Disabilities, titled "A New Beginning"

The funds within the RDSP grow on a tax deferred basis

Deferred tax

Deferred tax is an accounting concept , meaning a future tax liability or asset, resulting from temporary differences or timing differences between the accounting value of assets and liabilities and their value for tax purposes.- Temporary differences :Temporary differences are differences between...

. Most Federal, Provincial and Municipal social programs exempt these assets when means testing the client's entitlement to their services.