Introducing the “Top Ten RDSP Barriers”
As we approach the 3-year anniversary of the RDSP we’d like to reflect on the stories and the insights that you’ve shared with us regarding your RDSP experience. One way we’ll be doing this is by posting the top...
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...
Forced Savings Puts Inertia on Your Side
I came across this article in the Financial Post yesterday- and thought it interesting. In pre-approved withdrawals, people begin to forget about that money and adjust their budgeting to accommodate the $25 less (or whatever the amount is). For...
Dispelling the Myths #3: RDSP Withdrawals
There are several common misunderstandings about withdrawals from RDSPs. It is, however, a critical thing for a contributor to understand. After all, at some point the idea is to use the funds for the beneficiary. That people are confused...
Taxation of RDSP Payments to Aboriginals—by Joel Crocker
On August 4, 2010, PLAN submitted a ruling to CRA. Earlier that month, we had connected with BC Aboriginal Network on Disability Society and CLBC to talk about how the RDSP might be received by Aboriginal Canadians. There was...
RDSPs versus Trusts: Scenario 1 (Nicholas)
A trust, an RDSP or both? Scenario 1 - Nick in BC. Continue reading →
2011 Federal Budget: Improvements to the RDSP and more…
If Minister Jim Flaherty’s 2011 Budget receives royal assent and comes into force, what will people with disabilities and families see from it?
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...
Calling all people with disabilities and their families!
Family Talks is a PLAN (Planned Lifetime Advocay Network) project which has as its goals: to identify what people’s main priorities and top concerns are for people with disabilities and their families to share information and knowledge by engaging...