‘Tis this season to maximize deductions— Winnipeg Free Press

As another tumultuous year draws to a close, let’s try to save you some tax money for 2011. Dec. 31 is the deadline for deductible business expenses, which mostly relates to commission salespeople and to business owners. Corporate tax...

Delays in the Payment of Grant or Bond?

A detailed overview of most common problems which delay Canada Disability Saving Grant or Bond payments and steps to take to remedy the situation.

2010 Federal Budget Personal Tax Changes – Impact on Families affected by Disability

2010 Federal Budget Personal Tax Changes -Impact on Families affected by Disability By Ability Tax Group – abilitytax.ca Increase in Personal Amount Exemptions The basic personal amount exemption has been increased to $10,382 in 2010. If you had no...

Top 10 Reasons to Open an RDSP

1. Receive up to $70,000 from the federal government in matching contributions. The federal government has implemented the Canada Disability Savings Grant program to assist Canadians with disabilities to save for their futures. The federal government will contribute up...

RDSP Reforms Become Law

Several reforms important to people with disabilities became law in mid-December when Bill C-47 (the last of the budget Bills) was passed by the Senate and given Royal Assent. In his budget, Finance Minister Flaherty announced carry forward provisions...

Minister Flaherty continues to promote access to the RDSP

The Honorable James Flaherty, Minister of Finance, has once again taken the initiative to ensure that people  with disabilities are able to access the RDSP. You are probably aware that the Disability Tax Credit (DTC) is one of the...

Transfers from one financial institution to another: update

A number of you have expressed frustration in not being able to transfer your RDSP from one financial institution to another.  Part of that frustration has been that the messages have been conflicting – you should be able to...

Shepherds Wanted! Holders and the RDSP

One of the most challenging aspects of future planning is finding people to shepherd the plan far into the future.  Therefore, it is not surprising that setting up an RDSP presents the same issue – who can help manage...

How to maximize the benefits of the Registered Disability Savings Plan (RDSP)

This entry was submitted by the Royal Bank of Canada The Registered Disability Savings Plan (RDSP) was introduced by the government of Canada to help families and people with disabilities save for their long-term financial security. The benefits of...

The RDSP: Saving or Estate Planning?

In the early days of the RDSP, a financially astute parent said, “If you want to maximize the benefit of the RDSP (and you have the cash to afford it), you should put $171,500 into the plan in the...