Victoria Day weekend closures

We will be closed May 16 and 18 for Victoria Day weekend. Our Member Service Centre, Member Solutions Team and Personal Assisted Teller services will be available on May 16. Online/mobile banking will be accessible throughout the weekend.

Personal
Business
Wealth

Understanding the registered disability savings plan (RDSP)

February 2026

Finance Friday

In this Finance Friday segment, FirstOntario Chief Risk Officer Mark Perkins answers a viewer’s question about the Registered Disability Savings Plan. Mark provides an overview of how the RDSP works, who qualifies, the advantages of government grants and bonds, and the key rules to consider when opening and managing a plan. He also explains withdrawal options, important tax considerations and why planning ahead is essential to maximizing long term benefits.

Explore more resources

Strong financial literacy is key to making informed decisions about money.

View articles

This content is provided for informational and educational purposes only, is subject to change without notice, and should not be considered financial, tax, legal, investment, or any other form of professional advice. Nothing presented constitutes a recommendation, solicitation, endorsement, or offer by FirstOntario Credit Union. You assume all risks associated with the use of this content, including, without limitation, any reliance on its accuracy, completeness, or usefulness. Links to third-party websites may be included for convenience; FirstOntario Credit Union does not endorse and is not responsible for the content of these external sites.