There is no annual limit on amounts that can be contributed to an RDSP of a particular beneficiary in a given year. However, the overall lifetime limit for a particular beneficiary is $200,000. Contributions are permitted until the end of the year in which the beneficiary turns 59 years of age.
Note
Amounts directly transferred from a beneficiary’s RDSP to another RDSP for the same beneficiary are not included in calculating the $200,000 overall contribution limit.