2011 Federal Budget: Improvements to the RDSP and more…

If Minister Jim Flaherty’s 2011 Budget receives royal assent and comes into force, what will people with disabilities and families see from it?

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RDSPs versus Trusts

Should you open an RDSP or set up a trust? The short answer is that you can, and probably should, use both two vehicles. They have different purposes, rules and different interactions with provincial and federal benefits and supports....

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When Should We Start a Registered Disability Savings Plan for our Child?

I’ve had numerous families of younger children ask me, "Should we start our child’s RDSP now or should we wait until he’s 18?" My answer, until now, has been, “It depends. Every family’s situation is different. You should sit...

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Calling all people with disabilities and their families!

Family Talks is a PLAN (Planned Lifetime Advocay Network) project which has as its goals: to identify what people’s main priorities and top concerns are for people with disabilities and their families to share information and knowledge by engaging...

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Myth #2: Everyone Should Save in an RRSP (and why the RDSP is different!)

It’s nearing the end of RRSP season, financial institutions are running adds and the media is showing its usual enthusiastic interest in RRSPs. It’s only normal, right? Everyone should be opening and contributing to their RRSP? At the risk...

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Clarifying the NEW RDSP Carry Forward Rules

One of our client administrators had a question recently, “I just turned 50. Can I open an RDSP and put money in the Grant and Bond for previous years?” The question is a good one. "If I was entitled...

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Dispelling the Myths #1: RDSP Income and Disability Income Benefits

I am shocked at the number of people – families, lawyers, financial planners – who still think that receiving funds from an RDSP will affect a person’s provincial disability income benefits. Let’s be clear about the facts: In BC,...

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2010 Federal Budget Personal Tax Changes – Impact on Families affected by Disability

2010 Federal Budget Personal Tax Changes -Impact on Families affected by Disability By Ability Tax Group – abilitytax.ca Increase in Personal Amount Exemptions The basic personal amount exemption has been increased to $10,382 in 2010. If you had no...

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Top 10 Reasons to Open an RDSP

1. Receive up to $70,000 from the federal government in matching contributions. The federal government has implemented the Canada Disability Savings Grant program to assist Canadians with disabilities to save for their futures. The federal government will contribute up...

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