Grant and contribution program
(S) Canada Disability Savings Grant payments to Registered Disability Savings Plan (RDSP) issuers on behalf of RDSP beneficiaries to encourage long-term financial security of eligible individuals with disabilities (Canada Disability Savings Act)
Department of Employment and Social Development · Disability, accessibility and social programs
Headline figures
Fiscal year 2024–25
$646M
Up $148M from $498M in 2023–24.
$21.57per tax filer$15.70per person
Per tax filer uses 29,965,100 tax filers (2023, the latest count published); per person uses a population of 41,162,593 (2024). An allocation of cost, not a tax bill.
Largest recipients
The largest named recipients of payments reported under this program in 2024–25. Location is the recipient's address, which is not always where the money is spent. Recipient payments can differ slightly from the program total above because the Public Accounts report them separately.
| Recipient | Location | Paid | Per tax filer |
|---|---|---|---|
| Royal Bank of Canada | Toronto, Ontario | $142M | $4.75 |
| Mackenzie Financial Services Inc | Toronto, Ontario | $142M | $4.72 |
| TD Bank Financial Group | Toronto, Ontario | $109M | $3.63 |
| BMO Financial Group | Toronto, Ontario | $87.5M | $2.92 |
| Canadian Imperial Bank of Commerce | Toronto, Ontario | $35.5M | $1.19 |
| Scotiabank | Toronto, Ontario | $31.7M | $1.06 |
| Fédération des caisses Desjardins du Québec | Montréal, Quebec | $26.7M | $0.89 |
| National Bank of Canada | Montréal, Quebec | $22.5M | $0.75 |
| Investors Group Inc | Winnipeg, Manitoba | $19.5M | $0.65 |
| Credential Securities Inc | Vancouver, British Columbia | $12.4M | $0.41 |
Source and basis
- Detailed information on Transfer Payments, as per the Public Accounts of Canada, retrieved 2026-11-03. Open Government Licence - Canada.
- Recipients: Detailed information on Transfer Payments, as per the Public Accounts of Canada.
- Net expenditures of this transfer payment program in the Public Accounts. It overlaps with program spending, so do not add the two.
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