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Canajun Finances Home » RDSP – The Registered Disability Savings Plan » RDSP – Laying The Groundwork

RDSP – Laying The Groundwork

Here we talk about all the things that you need to do before you can apply for an RDSP (Registered Disability Savings Plan). The RDSP is actually at the end of a fairly long process, and these are the preparations you must do first. The Disability Tax Credit is the major aspect of these preparations, as you will see.

Laying the Ground Work

Social Insurance Number

Disability Tax Credit (DTC)

The Disability Tax Credit (DTC) will be the biggest hurdle to jump for your loved one, especially if they are on the Autism Spectrum. If the CRA grants this, your child or loved one will then receive tax credits as a Disabled Person. You also must have this before you can apply for an RDSP.

Are you having issues applying for the DTC? Your medical professional can ask for help, as we found out with this helpful answer from the CRA

Next Step

Now it is time to Open an RDSP account, if you have been successful.

Click here to see RSDP : How to Open an RDSP Account

Index of RDSP Pages

Here are the RDSP Page List in case you got here and are wondering where to find out more information.

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