RDSP versus Trust: Scenario 2 (Janis)

One of the most common questions that we get is, “Should I put my money in an RDSP or a Trust?”  The answer is invariably, “It depends.” This scenario explore the options when a 46 year old woman inherits...

How Income Tax Provisions on RDSP Income may Affect Canada’s Newest—yet Landless—Band: The Qalipu Mi’kmaq of Newfoundland – by Joel Crocker

When payments are withdrawn from an RDSP, they are considered to contain private contributions, government contributions and investment income in the same proportions as within the RDSP.  Two of these, the government contributions and investment income, are taxable upon...

New RDSP products available from HRSDC!

From the Federal Government’s RDSP Grant, Bond and Outreach Team: “It is a pleasure to announce another new feature to our website – videos about the Registered Disability Savings Plan (RDSP), the Canada Disability Savings Grant and the Canada Disability Savings...

U.S. citizens living in Canada|Canadian citizens living in U.S.

We have had several questions recently relating to citizenship and residency and the Registered Disability Savings Plan (“RDSP”). As you may have heard in the media recently, the U.S. Internal Revenue Service (“IRS”) is paying more attention to Americans...

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...

RDSPs versus Trusts: Scenario 1 (Nicholas)

A trust, an RDSP or both? Scenario 1 - Nick in BC. Continue reading

RDSPs versus Trusts

Should you open an RDSP or set up a trust? The short answer is that you can, and probably should, use both two vehicles. They have different purposes, rules and different interactions with provincial and federal benefits and supports....

When Should We Start a Registered Disability Savings Plan for our Child?

I’ve had numerous families of younger children ask me, "Should we start our child’s RDSP now or should we wait until he’s 18?" My answer, until now, has been, “It depends. Every family’s situation is different. You should sit...

Clarifying the NEW RDSP Carry Forward Rules

One of our client administrators had a question recently, “I just turned 50. Can I open an RDSP and put money in the Grant and Bond for previous years?” The question is a good one. "If I was entitled...