” As a financial advisor, I’ve had the privilege of working with Canadians with disabilities over many years, I’ve observed that many families are still unfamiliar with the Registered Disability Savings Plan (RDSP) due to its complex rules. To bridge this knowledge gap, here’s a comprehensive guide addressing common questions about RDSP. ” – Samuel Li
In this Guide, You’ll Learn:
- What is an RDSP?
- Who is eligible to open an RDSP?
- What are the government benefits?
- Where can you open an RDSP?
- When can you access the RDSP money?
- Taxation of withdrawals
- Can you transfer your RDSP to another financial institution?
- Impact on benefits
- Closing your RDSP
- Other planning opportunities
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