One of my favourite topics to write about is the Registered Disability Savings Plan (RDSP) offered to parents of children who have mentally or physically disabled children to help start saving for their children’s future. The RDSP is important to me because I have a son who is diagnosed as being on the Autism Spectrum, but I also know many families that need help, and if anything I write here helps them, I will be very happy.
This is the Real RDSP page you should check out as well. What follows here are some of the posts that I have written about this program, and other articles from other authors on Tax Issues, and other ways to save for your loved ones future.
As a note to those who are sure no one knows how the system really works, I have met the Zen Master for the RDSP. He works for the Government (at ESDC who runs the program), but he does talks in the Ottawa area to help folks understand the RDSP program. He has said I can ask him questions, too!
Note: This page was getting a bit large and unruly, so I am breaking things down into subpages for now.
Your Journey To an RDSP
What needs to be done BEFORE you can apply for a Registered Disability Savings Plan? A major aspect of this is the Disability Tax Credit (DTC), make sure you click on this page to get started.
Now that you have succeeded getting your Disability Tax Credit (DTC) you need to open an RDSP account with a bank or such, but how is that done? It is not as easy as you might think. This page outlines many of the issues that have arisen for my family working with an RDSP account.
Thanks for my RDSP and DTC work I then had to learn a great deal about the tax implications of having a disabled child.
Being the proud Father of a child on the Autism Spectrum I also ended up writing a great deal about Autism specific things as well.