More RDSP and DTC Talk
More clarifications on my part about the RDSP and DTC and how they work together. The program is slowly being clarified, and refined by the Government, but the latest changes do seem to make life simpler for the beneficiaries.
Financial Echo Chamber
If you are living in a Financial Echo Chamber you are in danger of being fooled into following the wrong course. Listen to the uncomfortable points of view, they may not teach you anything new, but then again, they might?
Taxes Delayed, Money Lost
This years tax deadline may be delayed until June (for now) but if you are owed money, why haven’t you already submitted?!?
Unemployment Spikes, Easter and #MoneyTalk
Unemployment jumps tremendously during the Pandemic and signs are things will not get better. This and lots of other great financial articles.
Henson Trusts
Before the RDSP, the Henson Trust was a crucial estate planning tool for parents of disabled children. It allowed families to leave money in trust without jeopardizing the beneficiary’s access to essential services and income-tested support programs. This article offers a brief overview of Henson Trusts, points readers to a deeper resource from a trusted financial expert, and highlights key considerations like needing the Disability Tax Credit (DTC) and provincial implications, such as ODSP eligibility in Ontario. Whether you’re planning an estate or exploring RDSP alternatives, understanding the role of a Henson Trust is essential.
