Canada Disability Savings Bonds

Mother kissing son revised

Can RESP Rollover To RDSP?

We work with many children with special needs. One of the questions often arise from their parents is they already have set up a Registered Education Savings Plan (RESP), but they do not expect their children could pursue in studying post-secondary education due to their disability condition, in such scenario, can they transfer the RESP…

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RDSP Contribution - Revised

The Power of RDSP 2017: How to Turn $21,000 into $84,000 in 5 years?

Two weeks ago, I sent out a reminder to the families that I’m working with to start planning for their RDSP contribution in 2017. Especially, by the month of March, many of them have already received their “Annual Statement Of Grants Entitlement for 2017”. This is the letter which stated how much should their family contribute…

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why

Why My RDSP’s Matching Grant Is Less Than The Previous Year’s?

A number of families that I am working with already received their “Annual Statement of Grants Entitlement” from the government. Some of them contacted me and had the common questions “Why My RDSP Matching Grant Is Less Than The Previous Year’s?” If one could recall, Canada Disability Savings Grants (CDSGs) are matching grants provided by the Government of…

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RDSP Income Matching Rates for 2017

To start off planning for your Registered Disability Savings Plan in 2017,  I contacted Mackenzie Investments. They are one of our long-term business partners, and the top notch financial company when it comes to RDSP planning. They provided me with the new figures of the family net income to calculate for the grants and bonds. There hasn’t…

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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…

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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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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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