Question

navneet is 19 years old and severely disabled since birth. his parents contribute to a registered disability savings plan (rdsp) to save towards his long - term financial needs. the federal government also pays a matching canada disability savings grant and canada disability savings bond into his rdsp. based on which of the following factors is the amount of grant and bond paid by the government?
a. ∘ navneet’s life expectancy
b. ∘ navneet’s family income
c. ∘ navneet’s age
d. ∘ navneet’s income needs

Explanation:

The Canada Disability Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB) for RDSP are based on the family's income. Navneet's life expectancy, his age, or his income needs do not determine the grant/bond amount—eligibility and the amount of CDSG/CDSB are linked to the family's income (and contribution limits). So the factor determining the grant and bond is the family's income.

Answer:

b. Navneet's family income