5 Steps to an RDSP
There are about 5 steps to an RDSP (Registered Disability Savings Plan) and they may seem daunting but it is an important plan, you can do it! Do not be bamboozled into giving money away… Read More »5 Steps to an RDSP
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Registered Disability Savings Plan
The RDSP is the Registered Disability Savings Plan, a Canadian Government program to help disabled individuals save for their future. Depending on the disability and income level of the disabled person (or their guardians/parents) the Government will also add allowances and bursaries to the account yearly, up to a lifetime maximum.
The RDSP is a key tool for parents of children with disabilities save for their loved one’s future. Once the child’s disability has been recognized by the CRA, an RDSP can be set up to start saving for the child’s future. The government’s additions will depend on the income level of the parents, the lower the income the more allowances and bursaries are added to the savings account.
DTC RDSP Vicious Circle
The Disability Tax Credit (DTC) is needed to be able to open an RDSP (Registered Disability Savings Plan). Without the DTC you cannot have an RDSP.
RDSP Providers : TD Investments Continues to Annoy
In terms of the best RDSP Providers the TD Investment account is currently the best in terms of flexibility of investments, however the interface is bad.
Power of Attorney for Autistic Family Member?
When your child on the Autism Spectrum, comes of age, what do you do to help them with money ? a Power of Attorney for autistic family members ?
RDSP the Savings Plan Nobody Knows About
RDSP the savings plan nobody knows about, is a sad statement about our Banks and Financial Institutions (and the Government too). The RDSP is important!
