National News: Government Provides New Tax Relief to Caregivers—Finance Canada

National News: Government Provides New Tax Relief to Caregivers The Honourable Jim Flaherty, Minister of Finance, today reminded Canadian families of a new federal tax credit that came into effect on January 1, 2012, to assist them in caring...

Canada Launches Caregiver Tax Credit—Tax News

Canada’s Finance Minister Jim Flaherty has been promoting a series of tax reliefs aimed at helping caregivers and those with disabilities, including a new tax credit. Addressing the Canadian Cancer Society Flaherty reminded families of a new federal tax...

The Registered Disability Savings Plan (RDSP): You may be eligible for up to $90,000 towards your retirement—ARC

Why should I open an RDSP? It’s about your future quality of life. The RDSP is a long-term savings plan that became available in 2008 to help Canadians with disabilities save for their financial futures. This method of saving...

Tax News: New Rules on Disability Assistance Payments from Registered Disability Savings Plans—Knowledge Bureau

Canada Revenue Agency recently released new rules concerning Registered Disability Savings Plan (RDSP) and the taxation of withdrawals from the plan. In a five-part series, Knowledge Bureau Report will examine RDSPs and explore the tax implications of the new rules....

RDSPs open door to sales—Investment Executive

Only 9% of people eligible to open an RDSP have done so Many Canadians who either have a disability themselves or have a loved one with a disability are still not taking advantage of the registered disability savings plan...

Claw-Back and Pick-Up—The Canadian Charger

Two terms that are useful in looking at the impact of social programs are claw-back and pick-up. Let’s illustrate. If a person receiving the Old Age Pension has revenue beyond a certain level, part of the Old Age Pension...