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Registered disability savings accounts

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Which of the following statements is not true about Registered Disability Savings Accounts (RDSP? .

1.The allowable maximum lifetime contribution amount is $200.000

2.The beneficiary must start receiving disability assistance payments by the end of the calendar year in which they reach 60 years of age

3.Payments from an RDSP are not included as income for the purpose of calculating any "claw-back" of government benefits

4.Contributions can be made untilbe end of the year in which the beneficiary turns 49 years of age

Reference no: EM132899778

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