Certified Financial Planner (CFP) Practice Exam · Question
What is the maximum carry-forward period for unused Canada Disability Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB) entitlements?
Unused CDSG and CDSB entitlements can be carried forward for up to 10 years. This allows beneficiaries to catch up on past grants and bonds that they may have m
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Question: What is the maximum carry-forward period for unused Canada Disability Savings Grant (CDSG) and Canada Disability Savings Bond (CDSB) entitlements?
Answer options: ✅ 10 years, allowing past unused entitlements to be claimed in future years.
- 5 years, after which any unclaimed entitlements are permanently forfeited.
- Until the end of the calendar year the beneficiary turns 49, as long as contributions are also made for CDSG.
- There is no carry-forward; entitlements must be claimed in the year they are issued or lost.
Correct answer: 10 years, allowing past unused entitlements to be claimed in future years.
Explanation: Unused CDSG and CDSB entitlements can be carried forward for up to 10 years. This allows beneficiaries to catch up on past grants and bonds that they may have missed, provided they are eligible for the DTC and meet income requirements.
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