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...

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...

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...

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...

October is RDSP Awareness Month!

  In 2014, the government of BC declared October RDSP Awareness Month to help raise awareness about the Registered Disability Savings Plan (RDSP). The RDSP is the world’s first savings plan specifically designed for people with disabilities. Even with...

COVID-19 and the Disability Tax Credit – Beyond a $600 Payment

  Cynthia Minh, Disability Alliance BC *Please note that this blog post was last updated on November 3rd, 2020. Any updates made after this date may not be immediately reflected in this article. For up-to-date information, see our FAQ...

What Positive Financial Steps Can I Take During the Covid-19 Uncertainty?

By Alison Izat With the Covid-19 Pandemic upon us, we’re all experiencing a sudden change to our work and home lives and an increasing level of uncertainty as to what the future looks like. It is possible you or...