Have Your Say on Protecting RDSPs from Bankruptcy—by Andrew Weaver, MLA Oak Bay – Gordon Head BC
Back in March 2014, I raised a concern about the lack of protection for Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plan (RESPs). Industry Canada is now conducting a public consultation that includes these same concerns. As a quick reminder, RDSPs...
Protecting RDSPs and RESPs from Bankruptcy Seizure—MLA Andrew Weaver
How many of us plan for bankruptcy? Very few. Unfortunately, it happens far too often. When it occurs, individuals inevitably struggle to rebuild their lives in the hope that one day they will become financially stable once more. Registered...
RDSP Research participants needed
The Government of Canada is conducting a study about governmentprograms for persons with disabilities and issues related to saving forthe future.If you or your immediate family member with a disability is in receipt of the federal Disability Tax Credit,...
BC Confirms RDSPs will Not Affect Disability Income
On January 30, 2013, the Ministry of Social Development (MSD) in British Columbia clarified how payments out of an RDSP will be treated. All provinces and territories have stated that money held within an RDSP will not affect disability...
Protecting Disability Benefits—Dustin Marnell, Associate with Horne Coupar
Caregivers providing assistance to persons receiving provincial disability benefits may be unaware that those benefits could be at risk. A person entitled to receive an inheritance or personal settlement may become ineligible for future disability benefits. This article will...
The RDSP and future financial security for children in care
One of the public policy questions that emerged shortly after the launch of the RDSP at the end of 2008, was: “Who should act as account holders of RDSPs of children in care once they become adults?” Children in...