RDSP

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
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…

Continue Reading
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…

Continue Reading
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…

Continue Reading
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…

Continue Reading
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,…

Continue Reading
RealLifeRadio-SamuelLi

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…

Continue Reading
ID-100105799

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,…

Continue Reading
photo 4 (2)

8 Tips On Your Registered Disability Savings Plan (RDSP)

1) Open your RDSP account ASAP I have been working in the financial industry since 2005, and the Registered Disability Savings Plan is truly one of the best financial programs I have ever seen. This is an excellent program in the sense that it provides attractive matching grants and savings bonds. Where else could you find…

Continue Reading
Commuity Living Sponsor 2

7 Common RDSP Questions At The Community Living Event

                    Last Saturday, I attended an event called the “Connected Families Forum” hosted by Community Living Toronto. This was a full day forum that provided valuable information and wonderful networking opportunity for families with intellectual disability. It was my second year in participating to this event, and throughout the day…

Continue Reading