Calculating how much you will get from RDSP is complex. Government grants and bonds only continue until the end of the year the beneficiary turns 49. You must leave the money in the RDSP for at least 10 years. And, certain lifetime limits apply.
Use this calculator to do the math for you. It will give you a full report on what your RDSP could look like in the future. You can try a few different scenarios to see what savings plan will work for you.
Also, read The difference an RDSP can make: Shannon’s story to learn more.
Remember: A calculator can only give you an estimate.
You won’t know for sure how much your RDSP will make unless you choose investments that pay interest at a fixed rate. Most investments vary in return from year to year. So set a realistic goal, and check how you are doing each year. If you fall behind, you may be able to adjust your savings plans to get back on track.
Content in this section is provided in partnership with the Investor Education Fund, a non-profit organization promoting financial literacy to Canadians. To find out more go to GetSmarterAboutMoney.ca.