What if I need money from my RDSP?

The single most often asked question about the RDSP is, "What if I need money from my RDSP before ten years after the last federal government contribution?" This question is reflective of two issues. 1. A Design Flaw The...

Forced Savings Puts Inertia on Your Side

I came across this article in the Financial Post yesterday- and thought it interesting. In pre-approved withdrawals, people begin to forget about that money and adjust their budgeting to accommodate the $25 less (or whatever the amount is). For...

Dispelling the Myths #3: RDSP Withdrawals

There are several common misunderstandings about withdrawals from RDSPs. It is, however, a critical thing for a contributor to understand. After all, at some point the idea is to use the funds for the beneficiary. That people are confused...

Taxation of RDSP Payments to Aboriginals—by Joel Crocker

On August 4, 2010, PLAN submitted a ruling to CRA. Earlier that month, we had connected with BC Aboriginal Network on Disability Society and CLBC to talk about how the RDSP might be received by Aboriginal Canadians. There was...