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Canada Disability Savings Regulations

Version of section 3 from 2008-06-05 to 2008-11-30:

The following provision is not in force.

 The Minister may pay a bond into an RDSP if

  • (a) the issuer enters into an issuer agreement with the Minister that applies to the RDSP and includes the terms and conditions set out in section 4;

  • (b) the holder requests, no later than December 31 of the year for which the bond is payable, that the issuer submit an application for the bond;

  • (c) the issuer submits an application for the bond to the Minister

    • (i) with respect to a request made to the issuer before 2010, no later than June 30, 2010, and

    • (ii) with respect to a request made to the issuer in 2010 or later, no later than 180 days after the day on which the request for the bond is made to the issuer;

  • (d) the beneficiary is less than 49 years of age at the end of the year preceding the year for which the bond is payable;

  • (e) the beneficiary is a DTC-eligible individual in respect of the year for which the bond is payable; and

  • (f) in the opinion of the Minister, the issuer complies with the requirements of these Regulations and the terms and conditions of the issuer agreement that applies to the RDSP.


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