I regularly receive inquiries from families with disabilities about whether they need to report tax on their Registered Disability Savings Plan (RDSP), especially during tax season. Given the...
Tag: Registered Disability Savings Plan
Who can be the Qualifying Family Member of an RDSP? (2023 Update)
Ever since the announcement of the recent Federal Budget, I’ve been keeping a close eye on the latest news to ensure that more families are fully informed about its potential impact. If you recall,...
I work with many parents with disabled children. One of the questions that often comes up is how the parents can transfer their assets to the disabled child when they pass away. Many of...
Update about the Registered Disability Savings Plan (RDSP) As we entered into March, many RDSP account holders already received the "Annual Statement of Grants Entitlement." This is the letter...
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...
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...