RDSP Canada

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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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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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…

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Why People Are Saying RDSP Is For Long Term Savings?

Investing for disabled Canadians in the long haul In many of my previous posts about the RDSP planning, I repeatedly emphasized this savings plan is for long term investing. But how many years are we talking about? To better illustrate the idea, let me show you 2 scenarios:   Jack, 45 years old male with…

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disability tax credit video

Disability Tax Credit Revisit

Last week, I did a Disability Savings (RDSP) workshop for “I Believe in Miracle” a therapy agency for children with intellectual disabilities such as Autism, Learning Disabilities, ADD/ ADHD, slow learners, dyslexia. Despite the terrible weather on that evening, (if you remember, there were hail) we could still manage to have a nice small group…

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disability pic

How To Save $398,891 For The Disabled Person?

Today, I want to share an example of how one could grow their disability savings to $398,891. Before I start, I want you to think about what does having that amount of savings would mean to the disabled person? Will that mean more suitable medical equipments? Better treatment? Greater affordability to hire someone to assist…

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Disabled care

Clip on “How to apply for Disability Tax Credit in Canada”?

RDSP Video #2 – Disability Tax Credit Canada This clip shares a general guideline of how one may apply for the disability tax credit in Canada. This is especially important to Canadian with prolonged disability who are trying to setup their RDSP.  

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My First Video on the Registered Disability Savings Plan (RDSP)

RDSP Video #1: What is RDSP? Whenever I try to look for new information, I would research online. Out of many platforms, I usually learn better with video tutorials. Since I constantly look for effective ways to share my financial knowledge, I thought, what don’t I create some videos for that. Therefore, I will start…

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How To Receive Thousands Of Dollars In Canada Disability Savings Bonds From The Government?

Canada Disability Savings Bonds For Low Income Families Image courtesy of manaemedia at FreeDigitalPhotos.net Not too long ago, I had a meeting with a client, she is a single mom to a daughter with autism. During our conservation, she revealed that she is unemployed and does not have much savings. However, she really hopes that…

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