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Canada Disability Savings Regulations

Version of section 5.3 from 2014-01-01 to 2021-06-28:

  •  (1) Subject to section 5.4, if a disability assistance payment is made, the issuer of the RDSP shall repay to the Minister, within the period set out in the issuer agreement, the least of the following amounts:

    • (a) $3 for every $1 of disability assistance payment made,

    • (b) the fair market value, immediately before the making of the disability assistance payment, of the property held by the RDSP, and

    • (c) the assistance holdback amount of the RDSP immediately before the making of the disability assistance payment.

  • (2) An issuer that repays the amount referred to in paragraph (1)(a) is to do so from the grants and bonds that were paid into the RDSP within the 10-year period preceding the making of the disability assistance payment, in the order in which they were paid into it.

  • 2012, c. 31, s. 73
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