CIBC becomes the 3rd National Bank to Offer RDSPs

The Canadian Imperial Bank of Commerce (CIBC) will now be offering RDSPs to Canadians across the country.  CIBC announced this morning in a news release that they are prepared to issue RDSPs.   “The RDSP is an effective way...

The RDSP Extension – How does it actually work?

Guest Post by Eileen Reppenhagen, CGA, ACG, CL www.taxdetective.ca   When a person goes into the bank (at present the Bank of Montreal and Royal Bank of Canada) they are required to complete an application.  The application is sent to...

Warning!

Some of the families that we have been speaking to who are looking to set up an RDSP in time for the March 2, 2009 deadline to receive the 2008 Grant and Bond have been told some things that...

Royal Bank of Canada is now offering RDSPs to Canadians!

Starting this morning, RBC began offering RDSPs to Canadians from across the country.  If you would like to view more information on RBC’s launch of the RDSP you can visit www.rbc.com/rdsp, or the french equivalent  www.rbc.com/reei. RBC will be offering...

Yet another full exemption! Northwest Territories exempts RDSP from Income Security Programs for people with disabilities

The Government of the Northwest Territories has joined the group of provinces and territories who are progressively backing the full exemption of RDSPs from affecting their provincial disability income assistance.   The Honourable Jackson Lafferty announced that the NWT...

Nova Scotia fully exempts the RDSP!

Nova Scotia has joined the majority of provinces who are fully exempting the Registered Disability Savings Plan when calculating clients elgibility for income assistance.  Nova Scotia announced this fantastic news earlier this morning and will allow Nova Scotians receiving...

Royal Bank of Canada announces that they will begin offering RDSPs on February 16th

Feb 9 – RBC announced today that it will be offering an RDSP product effective February 16th.   This is good news for Canadians as they now have a choice about where they open their RDSPs. At the same time,...

Do I need to be approved for the Disability Tax Credit before I set up an RDSP?

Another question that has been coming up frequently is around applying for the Disability Tax Credit.  The approximate time it takes to process the DTC application is around 6-8 weeks (approximate), and this has many people wondering whether they...