Canada Disability Savings Regulations

5 (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.