Everyone Should Be Talking About Disability Poverty
by Michelle Hewitt, Co-Chair, Disability Without Poverty This month, everyone is talking about the Registered Disability Savings Plan (RDSP) – and so they should! Since its creation in 2008, the RDSP has been at the forefront of looking after...
Ask an Expert – RDSP Live Q & A
Join us for a free RDSP Ask an Expert event with Laura Mackenrot. Wednesday, October 20th at 10 AM PST. Click here to register here.
RDSPs and Uncle Sam: What you need to know
The United States is known for many things: American football, Hollywood, and fast-food, to name a few. However, one thing it is increasingly becoming infamous for is the way it taxes its people. U.S. taxation is based...
Budget 2021 – The RDSP, DTC and the Canada Disability Benefit
On April 19th, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, released Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience. Within the budget there are some exciting mentions related to the Canadian Disability Benefit as...
The RDSP has its limits – did you know that they don’t reset?
If you have a Registered Disability Savings Plan (RDSP), know somebody who does, or are thinking about opening one, you may already be familiar with the contribution limits for the RDSP. Every RDSP can receive up to $200,000 in...
Federal government moves ahead with relief for RDSP holders who lose DTC eligibility
This information is an excerpt from the SUPPORTING CANADIANS AND FIGHTING COVID-19: FALL ECONOMIC STATEMENT 2020 Budget 2019 proposed changes to the Registered Disability Savings Plan (RDSP) regime for beneficiaries with episodic disabilities. These proposed changes include removing the...
Withdrawing from an RDSP
This article was written with the assistance of Dan McDonald. Dan is a former accounting professor at Simon Fraser University and facilitates Plan Institute’s RDSP Level 2 webinars. Thanks to Dan for his comments and assistance. The RDSP is...
Losing Disability Tax Credit (DTC) Eligibility
It is not uncommon for individuals to lose DTC eligibility for a period of time; many people are only approved for the DTC for a certain number of years, even those who have permanent conditions. The CRA periodically checks...
The RDSP: Overcoming barriers for Indigenous Peoples
Next to social isolation, poverty is the biggest barrier felt by Canadians with disabilities. Too many Canadians with disabilities are living paycheque to paycheque, earning too little to get ahead. However, the Indigenous population experiences a disability rate twice...
Why do Grants and Bonds end at age 49?
One of the most common questions and complaints we get about the Registered Disability Savings Plan (RDSP) is why are people no longer eligible to receive grants and bonds after the end of the year in which the...