RDSP Improvements from Budget 2012 Come Into Effect

Budget 2012 proposed a number of improvements to the RDSP, most of which have not come into effect until two days ago, on January 1, 2014. The changes are: Investment income earned in an RESP is now allowed to...

The RDSP: A valuable tool for individuals with disabilities and their families—Senator Doug Black

Introduced by the Government of Canada in 2008, the Registered Disability Savings Plan (RDSP) was the first of its kind in the world. It helps individuals with disabilities and their families plan and save for the future. Last week, the Standing Committee...

PRESS RELEASE – BMO Calls for Improvements to the RDSP—marketwatch.com

BMO Financial Group today called for a national solution to help make opening a Registered Disability Savings Plan (RDSP) easier for those who may need assistance from a guardian, during a hearing of the Senate Banking, Trade and Commerce...

Senate Committee Authorized to Study the Ability of Individuals to Establish a Registered Disability Savings Plan

On December 3, 2013, the Canadian Senate agreed to adopt the following motion: “That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report on the ability of individuals to establish a registered disability...

RDSPs are confusing and underused, but if you are eligible they’re worth it—The Globe and Mail

If you’ve ever been chastised for not taking advantage of employer-matched RRSP contributions, which could effectively double your savings for free, then imagine the incredulity behind the lack of uptake on the potentially much larger savings afforded to those...

Canada’s disability savings fund called a ‘fiasco’—CBC News

Fewer than 1 in 6 of those eligible sign up for ‘onerous’ accounts   Evan Pennington, 8, suffers from severe spastic quadriplegia cerebral palsy. (Submitted by Frank Allen) _   For years, Frank Allen — founder and CEO of...

Law Commission of Ontario Research Effort Launched

The Ontario government has asked the Law Commission of Ontario to look into how more people with mental and developmental disabilities could use the federal Registered Disability Savings Plan without costly assessment tests. The RDSP is a savings program...

Opportunity to Participate in an RDSP Study

RESEARCH PARTICIPANTS NEEDED Are you a person with a disability or the immediate family member of a person with a disability? The Government of Canada is conducting a study about government programs for persons with disabilities and issues related...

RDSP, Grant and Bond Quick Facts—HRSDC

What is the Canada Disability Savings Grant (Grant)? It is an amount paid based on contributions deposited into a Registered Disability Savings Plan (RDSP). If the beneficiary’s annual family income is less than or equal to $85,4141, the Government...

So, where are we at with the recent RDSP updates?

When the RDSP was first launched in December 2008, a review was scheduled to happen in three years’ time. Indeed, one year ago the Federal Government was busy working with PLAN and many others across the country to look...