RDSP

Recent RDSP changes

As you might not noticed, in the 2012 federal budget, our government has introduced a few changes to the RDSP. I think all these changes have made it even easier to build up the savings for people with disability. Other family members becoming temporary RDSP holders “The 2012 federal budget introduced a measure to let some family members…

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What will happen to the RDSP when beneficiary is recovered?

I recently received a question from a parent about the “Registered Disability Savings Plan“. Her question is if my child who currently is eligible for the “disability tax credit” later on recover, upon the loss of the eligibility, what would happen to her RDSP account. I quickly did some researches on this issue, and below…

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RDSP Video from Globe and Mail

I recently came across a video that briefly explains the RDSP. When the program first launched back in 2008, not too many financial institutions are offering the plan. However, as companies realize this is such a meaningful plan to have, more and more of them are entering into this field, which leaves plan holders more…

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What is Registered Disability Savings Plan (RDSP)?

What is RDSP? People with disabilities and their loved ones face a distinct set of financial challenges throughout their lives. To help address these challenges, in 2008 the Government of Canada introduced the Registered Disability Savings Plan (RDSP). Designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate…

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