USA Considers Developing Their Own Version of the RDSP

US Senate Leaders  Team Up to Back the Achieving a Better Life Experience (ABLE) Act. Washington, DC, USA – March 24, 2014. From www.ndss.org The ABLE Act has amassed the support of 68 cosponsors from the US Senate and...

Too many hurdles to disability savings plan, Senate committee says—Jordan Press—Ottawa Citizen

OTTAWA — The Senate’s banking committee says the federal government has to do more to remove hurdles for Canadians to start aRegistered Disability Savings Plan (RDSP), and do a better job of advertising the under-utilized program. Issues with the six-year-old...

Senate Releases List of Improvement Recommendations on the RDSP

The Standing Senate Committee on Banking, Trade and Commerce held a series of community meetings from December 2013 through February 2014 to study  the ability of individuals to establish an RDSP with particular emphasis on legal representation, and the ability...

Protecting RDSPs and RESPs from Bankruptcy Seizure—MLA Andrew Weaver

How many of us plan for bankruptcy? Very few. Unfortunately, it happens far too often. When it occurs, individuals inevitably struggle to rebuild their lives in the hope that one day they will become financially stable once more. Registered...

The difference an RDSP can make: Shannon’s story—The Globe and Mail

Shannon, age 15, loves playing baseball, skiing, and swimming with dolphins. She also has a severe disability called Engelmann’s Syndrome. For her parents, Kathy and Rob, their biggest worry is what will happen to Shannon when they are no...

RDSPs and FATCA: Warning to People With Disabilities With Any Connection to the U.S.

On March 18, 2010, the United States (US) announced a world-wide provision known as the Foreign Account Tax Compliance Act (FATCA) which demands that every non-US financial institution on earth—such as all Canadian banks and credit unions—must enter into an agreement with...

How RDSPs work—The Globe and Mail

The Registered Disability Savings Plan (RDSP) was established to help parents and others save for the long-term financial security of a disabled person (one who qualifies for the Disability Tax Credit). The beneficiary of an RDSP can continue to receive...