Budget 2021 – The RDSP, DTC and the Canada Disability Benefit

On April 19th, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience. Within the budget there are some exciting mentions related to the Canadian Disability Benefit as...

The RDSP has its limits – did you know that they don’t reset?

If you have a Registered Disability Savings Plan (RDSP), know somebody who does, or are thinking about opening one, you may already be familiar with the contribution limits for the RDSP.  Every RDSP can receive up to $200,000 in...

Federal government moves ahead with relief for RDSP holders who lose DTC eligibility

This information is an excerpt from the SUPPORTING CANADIANS AND FIGHTING COVID-19: FALL ECONOMIC STATEMENT 2020 Budget 2019 proposed changes to the Registered Disability Savings Plan (RDSP) regime for beneficiaries with episodic disabilities. These proposed changes include removing the...

Withdrawing from an RDSP

This article was written with the assistance of Dan McDonald. Dan is a former accounting professor at Simon Fraser University and facilitates Plan Institute’s RDSP Level 2 webinars. Thanks to Dan for his comments and assistance. The RDSP is...

Losing Disability Tax Credit (DTC) Eligibility

It is not uncommon for individuals to lose DTC eligibility for a period of time; many people are only approved for the DTC for a certain number of years, even those who have permanent conditions. The CRA periodically checks...

The RDSP: Overcoming barriers for Indigenous Peoples

Next to social isolation, poverty is the biggest barrier felt by Canadians with disabilities. Too many Canadians with disabilities are living paycheque to paycheque, earning too little to get ahead. However, the Indigenous population experiences a disability rate twice...

Why do Grants and Bonds end at age 49?

  One of the most common questions and complaints we get about the Registered Disability Savings Plan (RDSP) is why are people no longer eligible to receive grants and bonds after the end of the year in which the...

The RDSP Homeownership Plan

  PLEASE NOTE: the following plan has not been enacted and currently there is no opportunity to make a one-time withdrawal from an RDSP for home purchasing options. For more information on withdrawals, please see our blog post Withdrawing...

Access RDSP calls for better access to the DTC & RDSP on the International Day for the Eradication of Poverty

Each year, October 17 marks the International Day for the Eradication of Poverty. In a year where we’ve seen the effects of COVID-19 disproportionately impact the most vulnerable communities all over the world, we advocate for the need to...

Are you Eligible for the Disability Tax Credit (DTC)?

At Access RDSP, we hear from a lot of people that they are unsure if they qualify for the Disability Tax Credit (DTC) and Registered Disability Savings Plan (RDSP). To celebrate RDSP Awareness Month, we’ve prepared this post which...