New Family Income Levels for 2009 Grant and Bond!
As many of you are probably aware, the amount of Canada Disability Savings Grant and Canada Disability Savings Bond you receive annually is based on your annual income from two years prior. As such, it is very important that...
Update on Payments from the RDSP
Payments from RDSPs Most people don’t have to worry about withdrawals or payments from Registered Disability Savings Plans right away because they will use the RDSP to build wealth for “future” financial security. But if you want to know...
PLAN Tax Bulletin – now available for free
For those of you wanting some help filing your 2008 tax return, we have developed a 16 page Tax Bulletin designed to make it easier for you to access all the money you are eligible for and take some...
2008 Grant and Bond Deadline today!
For those of you wanting to capitalize on the 2008 Federal contributions into a Registered Disability Savings Plan, today is the last day to get your plan set up and contribute for the 2008 year, leveraging up to $4,500...
CIBC becomes the 3rd National Bank to Offer RDSPs
The Canadian Imperial Bank of Commerce (CIBC) will now be offering RDSPs to Canadians across the country. CIBC announced this morning in a news release that they are prepared to issue RDSPs. “The RDSP is an effective way...
The RDSP Extension – How does it actually work?
Guest Post by Eileen Reppenhagen, CGA, ACG, CL www.taxdetective.ca When a person goes into the bank (at present the Bank of Montreal and Royal Bank of Canada) they are required to complete an application. The application is sent to...
Warning!
Some of the families that we have been speaking to who are looking to set up an RDSP in time for the March 2, 2009 deadline to receive the 2008 Grant and Bond have been told some things that...
Royal Bank of Canada is now offering RDSPs to Canadians!
Starting this morning, RBC began offering RDSPs to Canadians from across the country. If you would like to view more information on RBC’s launch of the RDSP you can visit www.rbc.com/rdsp, or the french equivalent www.rbc.com/reei. RBC will be offering...
Yet another full exemption! Northwest Territories exempts RDSP from Income Security Programs for people with disabilities
The Government of the Northwest Territories has joined the group of provinces and territories who are progressively backing the full exemption of RDSPs from affecting their provincial disability income assistance. The Honourable Jackson Lafferty announced that the NWT...
Nova Scotia fully exempts the RDSP!
Nova Scotia has joined the majority of provinces who are fully exempting the Registered Disability Savings Plan when calculating clients elgibility for income assistance. Nova Scotia announced this fantastic news earlier this morning and will allow Nova Scotians receiving...