Hurry up

2016 Year-End Financial Strategies For Canadians

As we are approaching the end of 2016, most of us are probably focused on Christmas shopping, holiday parties and New Year’s festivities. However, this is still time to implement any final financial strategies that could help put more tax dollars back in your pocket. Here is a list of financial strategies that we obtained from the…

Continue Reading

FAQ on Ontario Disability Support Program (ODSP)

Below are some common questions that we came across regarding the Ontario Disability Support Program (ODSP). For more details in how to apply for the ODSP, please refer to one of our earlier blog posts. If there are any questions that you would like to clarify about the ODSP, please leave us a message at We’ll do our best…

Continue Reading

Our Top 7 Solutions To Common Barriers In Building Up Your RDSP Savings

I have been working with different families in putting more money into their long-term savings through the use of the Registered Disability Savings Plan (RDSP) since 2008, which was basically when the program was first introduced by the Government of Canada. Although many families took my advice and already obtained thousands of dollars in grants…

Continue Reading

Financial Products Should Not Be Forced To Be Tied Up Together

Many long-term readers probably know by now, I’m licensed in Ontario to assist my clients on multiple aspects of their finances, this includes to plan for their investments, mortgage and insurance coverage. Having broad spectrum of knowledge allows me to understand a lot more about the ins and outs of the financial industry. From time…

Continue Reading
rdsp 2017 updates

FAQ about Registered Disability Savings Plan (RDSP)

  RDSP – Account Level Questions: What is Registered Disability Savings Plan (RDSP)? Who is eligible to setup a RDSP account? How do I apply for the disability tax credit? What are the key benefits of RDSP? Who will be the people involved with the RDSP account? Who can be the RDSP account holder? Can there…

Continue Reading
RDSP age of majority

3 Things To Look Out For When RDSP beneficiary Reaches Age Of Majority

1) Find out who should be the RDSP account holder The account holder is the person who could make all the decision regarding the Registered Disability Savings Plan. (i.e.: Decision on investments, contributions, withdrawal). It is important to assign an account holder who could make legal and rational decision on behalf of the beneficiary. According to the current…

Continue Reading
RDSP competent

How To Plan For Disabled Adults Who Are Unable To Manage Their Finance?

When the disabled person is under the age of majority, there is relatively less restriction in managing for their finance. Typically speaking, the legal parents could manage on behalf of the child. It is when the child reaches the age of majority, and is not contractually competent, then there would be more procedures involved. (Note:…

Continue Reading
no money rdsp

Where Could I Find The Money To Make The RDSP Contribution?

One of the key benefits of having the Registered Disability Savings Plan (RDSP) is the ability to attract the Canada Disability Savings Grants (CDSGs). This is a matching grant from the government to enhance the savings for the disabled person. For example, for a beneficiary where their family net income falls below the first income…

Continue Reading
RDSP Investments2

Investment Philosophy For RDSP

This Wednesday, I was invited delightfully to the Mackenzie Investments Symposium day. This professional event was hosted in their office building in downtown Toronto, and the purpose was to develop a deeper understanding about the different investment processes of their fund management teams. Since many of my clients are using the Mackenzie’s investments in growing their Registered…

Continue Reading
child education

Illustration of Registered Education Savings Plan (RESP)

When your children are minor, it might appear post-secondary education is a long way in the future. However, college and university are more important than ever, if we want our children to have more choices in their life, you better start planning ahead. One common struggle many Canadian parents are facing is that the cost of…

Continue Reading