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PROPORTIONAL REPAYMENT RULE [1 record]

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Record 1 2019-03-29

English

Subject field(s)
  • Taxation
  • Saving and Consumption
CONT

The proportional repayment rule requires that a ratio of 3 to 1 be applied for the repayment of the grant and bond. This means that for every $1 withdrawn from an RDSP [registered disability savings plan], $3 in grant and bond must be repaid to the Government of Canada, up to a maximum of the assistance holdback amount.

French

Domaine(s)
  • Fiscalité
  • Épargne et consommation
CONT

La règle du remboursement proportionnel prévoit l'application d'un ratio de 3 pour 1 pour le remboursement de la subvention et du bon. Cela signifie que pour chaque dollar retiré d'un REEI [régime enregistré d'épargne-invalidité], un montant de trois dollars de subvention et de bon doit être remboursé au gouvernement du Canada, jusqu'à un montant maximum équivalant au montant de retenue.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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