Ontarian with Special Needs

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…

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Critical Illness Coverage For Children With Special Needs

Just awhile ago, I was sitting across a coffee table in my client’s house. This is a family of three people, where the husband works a manager of a franchise store, the wife is a waitress of a local restaurant, while the son is 9 years old diagnosed with autism. The son was approved with the disability tax credit…

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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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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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How To Maximize Your Disability Tax Savings And Benefits?

  Image courtesy of stockimages at FreeDigitalPhotos.net To help you in getting most of the disability tax savings and benefits, when you do your tax filing this year, you may want to discuss with your accountant first whether you would be eligible for the tax credits, deductions or the benefits below. Disability Support Deduction: A disability supports…

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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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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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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…

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