Notice #467 – Registered Disability Savings Plan income matching rates for the calendar year 2023
On this page
Information Bulletin
Number: CDSP/PCEI-2022/23-002-467
Date: December 12, 2022
Subject: Registered Disability Savings Plan (RDSP) income matching rates for 2023
Previous bulletin
This information bulletin updates the information bulletin CDSP/PCEI-2021/22-002-433 dated December 6, 2021.
Purpose
The purpose of this information bulletin is to inform issuers/agents of the new RDSP income matching rates for 2023.
2023 income matching rates
The Canada Revenue Agency has published the 2023 indexation adjustments for personal income tax and benefit amounts. Based on these published amounts, the income matching rates for Registered Disability Savings Plans (RDSP) for 2023 are as follows:
| Income level | Income matching rate definition |
|---|---|
| $34,863 | “Phase out income” – The income level above which the annual amount of Canada Disability Savings Bond payable begins to decrease. |
| $53,359 | “First threshold” – The income level that, when reached or exceeded, the annual amount of Canada Disability Savings Bond payable is nil. |
| $106,717 | “Second threshold” – The income level that, when below or equal to, the matching grant will be 300% of the first $500 in contributions and 200% of the next $1,000 in contributions. When income is above this level, the matching grant will be 100% of the first $1,000 in contributions. |
These income levels will be used when processing all transactions dated January 1, 2023 or later.
Current and previous years
The following table lists the income threshold amounts for the current year and the previous 10 years, where carry forward payments of the Canada Disability Savings Grant and Bond may be made:
| Year | Phase out income | First threshold | Second threshold |
|---|---|---|---|
| 2023 | $34,863 | $53,359 | $106,717 |
| 2022 | $32,797 | $50,197 | $100,392 |
| 2021 | $32,028 | $49,020 | $98,040 |
| 2020 | $31,711 | $48,535 | $97,069 |
| 2019 | $31,120 | $47,630 | $95,259 |
| 2018 | $30,450 | $46,605 | $93,208 |
| 2017 | $30,000 | $45,916 | $91,831 |
| 2016 | $26,364 | $45,282 | $90,563 |
| 2015 | $26,021 | $44,701 | $89,401 |
| 2014 | $25,584 | $43,953 | $87,907 |
| 2013 | $25,356 | $43,561 | $87,123 |
Updated RDSP issuer resources
These changes will be reflected within RDSP issuer resources on Canada.ca/RDSP in the near future.
Contact us
If you have any questions regarding this notice, please contact us:
- by using our online contact page
- by e-mail at rdsp-reei@hrsdc-rhdcc.gc.ca
- by phone at 1-866-204-0357
Our business hours are from 8 am to 5 pm, Eastern Time.