RDSP Reforms Become Law

Several reforms important to people with disabilities became law in mid-December when Bill C-47 (the last of the budget Bills) was passed by the Senate and given Royal Assent. In his budget, Finance Minister Flaherty announced carry forward provisions for the Canada Disability Savings Grant and Bond as well as provisions for the rollover of RRSPs and RRIFs to the…

site migration in the next couple weeks

I’ve been asked to let you know that PLAN is migrating the blog onto a redesigned www.rdsp.com at some point in the next couple of weeks.  Our technology experts are working hard to make this migration seamless but want to ask that if things are a bit “wonky” during this period, that you please be patient, they will work to…

Minister Flaherty continues to promote access to the RDSP

The Honorable James Flaherty, Minister of Finance, has once again taken the initiative to ensure that people  with disabilities are able to access the RDSP.

Transfers from one financial institution to another: update

A number of you have expressed frustration in not being able to transfer your RDSP from one financial institution to another.  Part of that frustration has been that the messages have been conflicting – you should be able to transfer…you can’t transfer yet…you will be able to transfer soon…we don’t know when you will be able to transfer. We have…

Shepherds Wanted! Holders and the RDSP

One of the most challenging aspects of future planning is finding people to shepherd the plan far into the future.  Therefore, it is not surprising that setting up an RDSP presents the same issue – who can help manage the financial aspects of the plan if help is needed?  If you haven’t opened an RDSP yet, read on. For those…

HRSDC seeks participants for a discussion in Vancouver (September 1st)

Human Resources and Skills Development Canada is holding two discussion groups about communication materials the government is developing that will provide information about services for eligible Registered Disability Savings Plan (RDSP) applicants. They are seeking parents and legal guardians of someone who is eligible for the RDSP grant and/or bond to participate. In appreciation of their time and involvement,…

How to maximize the benefits of the Registered Disability Savings Plan (RDSP)

This entry was submitted by the Royal Bank of Canada The Registered Disability Savings Plan (RDSP) was introduced by the government of Canada to help families and people with disabilities save for their long-term financial security. The benefits of saving in an RDSP Contributions to an RDSP are not tax-deductible, but they grow within the plan on a tax-deferred basis.…

Being disabled does not mean living in poverty – planning for my son's future

By Matthew Quetton, CEO, PLAN Truthfully, I am terrible with money; great at spending it, terrible at saving it. When I met with a financial planner for the first time last year I realized just how much I was behind the game. Failing to buy a house as a young couple, we were now virtually locked out of the market.…

The RDSP: Saving or Estate Planning?

In the early days of the RDSP, a financially astute parent said, “If you want to maximize the benefit of the RDSP (and you have the cash to afford it), you should put $171,500 into the plan in the first year and then an additional $1,500 per year each of the next 29 years.”  It makes sense from a purely…

RDSP Telephone Seminar – July 21, 2010 in Mandarin

Poster-RDSP Chinese Telelearning -July21-2010 PLAN  is hosting a Chinese RDSP telephone seminar for Chinese families across the country July 21, 2010. Please see the attached poster for more information. RDSP Teleseminar (Mandarin) Date and Time: Wednesday, July 21, 2010 – 5 PM to 6:30 PM (Vancouver time) Register - by phone: 604-439-9566 - by email: inquiries@plan.ca - by…