Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Canada Disability Savings Regulations

Version of section 5 from 2008-12-01 to 2011-06-25:

  •  (1) An issuer of an RDSP shall repay to the Minister, within the period set out in the issuer agreement, the assistance holdback amount if

    • (a) the RDSP is terminated;

    • (b) the plan ceases to be an RDSP as a result of the application of paragraph 146.4(10)(a) of the Income Tax Act;

    • (c) a disability assistance payment is made from the RDSP;

    • (d) the beneficiary ceases to be a DTC-eligible individual; or

    • (e) the beneficiary dies.

  • (2) The amount that must be repaid as a result of the occurrence of an event described in subsection (1) is the lesser of

    • (a) the assistance holdback amount of the RDSP immediately before the occurrence, and

    • (b) the fair market value, immediately before the occurrence, of the property held by the RDSP.


Date modified: