RDSP Ontario

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ODSP Does Not Equal RDSP

Since I launched the RDSP marketing campaign, I’ve been receiving a lot of inquiries about this government program. One of the most common questions I received is: “I’m  already receiving benefits from the ODSP, does it mean I also qualified for the RDSP?” Despite the names are so similar, while they both aim to support…

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RDSP Grants CDSG Screenshot

RDSP Video: Canada Disability Savings Grants

Up to $70,000 of Canada Disability Savings Grants If you are unfamiliar with the Registered Disability Savings Plan (RDSP), the Canada Disability Savings Grants is one of the main benefits from the government. Check out the video below where I’ll be explaining in more details. In the video, I mentioned an article I wrote awhile…

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RDSP Investments

What can be included into the RDSP?

What are the investment choices for RDSP? Generally speaking, the investments that are eligible for the Registered Retirement Savings Plan (RRSP) and Registered Education Savings Plan (RESP) are also qualified to be put into RDSP. They include cash, stocks, bonds, GIC, mutual funds, and others. It is extremely important to ensure that the assets are…

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How many RDSP account could I have?

Could I have more than one RDSP account? I received this question from one of my email subscribers two weeks ago. The simple answer is no. Under the current rule, each beneficiary with prolonged disability may only have one RDSP at any given time. I believe this setup is to avoid confusion, especially when trying…

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RDSP’s Impact on other Government Benefits

Will RDSP make me lose out other government benefits? This is one of the common concerns I got from most families with special needs. For income-tested federal government programs such as Canada Pension Plan (CPP), The Goods and Service Tax Benefit (GST Benefit), RDSP payments do not have any impact on them. Even when the…

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CDSB (RDSP)

Canada Disability Savings Bonds (CDSBs)

Is the Registered Disability Savings Plan (RDSP) only for the wealthy families? In my previous posting, we have discussed over the Canada Disability Savings Grants (CDSGs). Although it is one of the most generous matching grant from the government of Canada, it often leads to the question: “If a family is earning low-income, and unable…

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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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RDSP CDSB

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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Financial Guide for Disabled Canadians

Making a Challenge Less Challenging We had been talking about the Registered Disability Savings Plan (RDSP) in Ontario quite awhile. Although it is a wonderful financial tool for Canadians with special needs, there are other financial aspects we should not missed. Below is a financial guide named “Making a Challenge Less Challenging”,  and it is…

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