Disabled ill informed about registered savings plans

  RDSPs have financial benefits even for those who don’t make contributions By Tom McFeat, CBC News Only about 11 per cent of the estimated total of 550,000 Canadians who are eligible for an RDSP have opened an account. (iStock)  ...

Updated Income Numbers to Determine Grant and Bond Amounts

The Canada Disability Savings Grant is an amount paid based on contributions deposited into an RDSP. If the beneficiary’s annual family income is less than or equal to $87,123 for 2013, the Government of Canada pays: a 300% Grant...

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

Breaking News Part 1 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...

Where to open an RDSP —RDSP Resource Centre

Many of you are calling and emailing to ask where to open your Registered Disability Savings Plan. You can now open your RDSP at most major financial institutions and many independent financial planners or investment advisors.  We have updated...

7 new tax rules that could save you money—CBC News

Don’t get caught by tax changes There aren’t any major new tax-saving initiatives that apply to the 2011 tax return, but there are some new wrinkles and goodies to be aware of. (Adrian Wyld/Canadian Press) You’re ready. You’re sitting...

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...

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....

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...

Pleasant surprises in 2011 tax year—Calgary Herald

It’s the time of year that’s dreaded by Canadians who know they’re going to owe money to the federal government and eagerly anticipated by employees who can’t wait to get their hands on sizable refund cheques: tax season. This...