The RDSP Resource Centre’s Top 10 List for reforming the RDSP

Posted by: admin  |  January 6th, 2012  |  Posted in: * Canada - National, Current Affairs, RDSP, Top 10 Lists

Vote for your own top ten list here!

After much research, discussion and deliberation, the RDSP Resource Centre submitted its recommendations to improve the Registered Disability Savings Plan.  Obviously with approximately $450 million in 50,000 plans, the RDSP must be looked at as stunning success.  Few social programs can claim such immediate impact. Congratulations to PLAN for the idea and advocacy and Minister Flaherty for championing the idea!

At the same time, with an estimated 500,000 who should qualify, we must ask, “Why aren’t more people using RDSPs to save for their future?”  Kudos also to Minister Flaherty not only for championing the plan but also acknowledging that it can be improved.

The discussion is drawing to a close as officials in Finance Canada sift through submissions and decide how to make the RDSP more useful for Canadians with disabilities.  The Resource Centre ranked its “Top 10 List” (revised) of recommendations.  Click here to check out the list. Vote for your own preference by clicking on the link above.

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3 Comments

Comments

of course jim is going to say it can be improved this is a very new kind of thing for the government

andrew g
January 6, 2012
8:25 pm
Reply |

Do any of the banks/financial institutions allow RDSP holders to have ‘self directed’ accounts? So I could buy/sell funds without having to call in each and every time? Thanks.

Mike
January 8, 2012
5:12 am
Reply |

I agree with the idea of lowering the holdback time to 5 yrs,

Increasing the term of contribution to 60 yrs of age.

caroly gilchrist
February 1, 2012
2:37 pm
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