The specified disability savings plan SDSP is a way for holders of an RDSP with a shorter life expectancy to get access to funds in the plan.
While I am not an expert about RDSPs I have learned a lot about it by setting one up and tending one for my son who is on the spectrum. It is a hard program to understand, but important for disabled folks, none the less.
RDSP and Budget 2019 , the government added two changes to the program that make sense and address some important issues. These changes became law once the Budget was passed in 2019.
The Registered Disability Savings Plan (RDSP) is a really long-term savings plan and it is designed to be just that, if you see penalties for early withdrawals, you’d understand.
Each year we receive an RDSP Statement of Grant Entitlement from the government. This statement tells us how much my son will receive in grants on his RDSP (for this year). There is also a… Read More »RDSP Statement of Grant Entitlement 2019