Are you or a loved one in your family living with a disability? Never miss out on thousands of dollars in free government contributions available to eligible Canadians. The Disability Savings Plan is a long-term savings plan designed to provide financial security for individuals who are Disability Tax Credit approved.

Through the Canada Disability Savings Grant, the government matches contributions up to $3 for every $1 deposited for eligible family incomes. Low-income families may also receive up to $1,000 annually through the Canada Disability Savings Bond at no cost. Over a lifetime, eligible beneficiaries can receive up to $70,000 in grants and $20,000 in bonds.

Contributions grow tax-deferred, and funds can be used for any purpose for the benefit of the person with the disability. Family members, friends, and caregivers all can contribute to the account.

To qualify for Eligibility, you must have a Social Insurance Number, Disability Tax Credit approval, and must be 59 years of age or younger. Contact Punjab Insurance today.