Now that the RDSP is a reality and financial institutions are beginning to offer it for sale a major challenge is beginning to surface.

Parents are encountering an impediment to opening an RDSP for their adult sons and daughters.  The legislation states the beneficiary of an RDSP can be opened by an individual with legal capacity or the adult’s legal representative. 

Most of us are not legal guardians of our adult sons and daughters nor do we want to be.  Becoming guardian is a costly, intrusive and cumbersome process.  BC has Representation Agreements, but this tool is not available in other provinces.

PLAN is working with the Federal Government, financial institutions, provincial Public Guardian Offices and leading disability groups to remedy this situation.

We are seeking a way for parents to be Account holders of the RDSP jointly with their relative with a disability without having to become legal guardian.

Please stay tuned to this blog or sign up for our regular RDSP bulletin at .