Savings and Investments

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…

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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…

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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…

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RDSP Life Shortening

What Happens If The RDSP Beneficiary Has Shortened Life Expectancy?

(Image courtesy of David Castillo Dominici at FreeDigitalPhotos.net) Awhile ago, I received a question from one of my email subscribers. This was an email from a mother where her son with disability has shortened life expectancy. “Dear Samuel, thank you for your ongoing email updates. They are very informative and I enjoy reading them. I have a…

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toddler-rdsp

The Power of RDSP 2016: How to Turn $18,000 into $72,000 in 4 years?

In the past few years, I posted some examples on how to maximize in receiving the Canada Disability Savings Grants within the RDSP. This year will be no exception! Earlier today, I contacted the Mackenzie’s Tax and Estate team, and below is the illustration they have provided. Before we jump into reviewing the figures, it’s important to…

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child disability benefits

RDSP Income Matching Rates for 2016

To start off planning for your disability savings plan in 2016, I want to provide you with some updates. This morning, I called the ESDC (The government department that handles the disability savings grants and bonds.) They provided me with the new figures of the family net income to calculate for the grants and bonds. There…

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RDSP Discussion 2

The Power of RDSP 2015: How to Turn $16,500 into $66,000 in 4 years?

A few weeks ago, I was invited to the RDSP Discussion Group hosted by Mackenzie Investments Inc. Mackenzie is the top-notch company that provides many great resources in the RDSP planning. The event was held at their professionally designed office in downtown Toronto, and all participants were advisors from the financial industry who dedicated their practices on helping…

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Christmas wishlist

Top 6 RDSP Wish List

  I love the RDSP, that’s no question about it. Although I believe this is one of the best programs we have in Canada, I also believe there is always room for improvements. Therefore, a couple of weeks ago, I sent out an email asking my subscribers: “If you can change anything about the rules of RDSP,…

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RDSP Radio Show With “Families for HOPE Network”

Earlier this month, I was very delighted to be the guest speaker of an online radio show for “FAMILIES FOR HOPE NETWORK”.  Families for HOPE Network was created to provide an online support group for families who have children with special needs at various stages of their lives. Make sure you visit their website, you…

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RDSP Income Matching Rates for 2015

The chart below outlines the matching rates of “Canada Disability Savings Grants (CDSG)” in 2015     The chart below outlines the Canada Disability Savings Bonds (CDSB) in 2015 *2015 rates. For a minor beneficiary, the family net income is that of his or her parents. When the beneficiary is over the age of majority,…

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