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...
Family Finance: This breadwinner must keep on working-Financial Post
Sometimes a family’s breadwinner can’t retire, even at 65. An Alberta woman we’ll call Maeve is the principal support for her husband, whom we’ll call Tom, already 65, stricken with a progressive illness that will eventually reduce his mobility,...
Exempt the RDSP across all of BC’s disability supports (student loans, home care, child care and long-term care)
The Registered Disability Savings Plan (RDSP) was introduced by the federal government to assist people eligible for the disability tax credit to build an asset for the future. After tax, savings in an RDSP are matched by up to...
Harmonize trusts with the RDSP
Alongside the RDSP, trusts provide a way for families and individuals to build savings and manage assets. Trusts are managed by trustees and are set up for the benefit of an individual. Currently, there are 2 types of trusts...
Exempt family contributions from BC Disability Assistance eligibility
While the Registered Disability Savings Plan (RDSP) and trusts provide families with savings tools for the future, families still encounter barriers in assisting their relatives with disabilities in the present. In most provinces, providing money to a family member...
Building Assets for People with Disabilities: From Welfare to Wealth British Columbia
We all dream of a good life. People who love us, a sense of belonging, a home to call our own, enough money to make ends meet and have some fun, a sense of purpose in our lives. The...
Sign up for the best government program in Canada – Globe and Mail
Imagine a savings program where the federal government gives a man or woman up to $3 for every $1 contributed by that man or woman – to a lifetime maximum of $70,000. Wouldn’t people flock to that program? Wouldn’t...
A vital lifeline for the disabled – Investment Executive
Although the registered disability savings plan is now three years old, the vast majority of Canadians who are eligible for the program have not made use of it. Joel Crocker, director of planning with the Planned Lifetime Advisory Network,...
Disabled tax breaks a too well-kept secret — Financial Post
Photograph by: Fotolia, Fotolia
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...