The RDSP for Beginners
The Registered Disability Savings Plan (RDSP) is a Canada-wide registered matched savings plan specific for people with disabilities to help them save money for their future. By matched, we mean that for every $1 you put in the...
Changes to Disability Tax Credit Eligibility Take Effect Today
The eligibility requirements for the Disability Tax Credit (DTC) under mental functions and life-sustaining therapy were widened in June 2022. As of today, the application forms reflect these changes. Paper application form Digital application form The major changes to...
Taxes and the RDSP
The Registered Disability Savings Plan (RDSP) is often confused with the Registered Retirement Savings Plan (RRSP) due to the similar goals of these plans. One of the main differences between these plans is how they are treated when it...
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...
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...
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...
Are you Eligible for the Disability Tax Credit (DTC)?
At Access RDSP, we hear from a lot of people that they are unsure if they qualify for the Disability Tax Credit (DTC) and Registered Disability Savings Plan (RDSP). To celebrate RDSP Awareness Month, we’ve prepared this post which...
A Quick History of the RDSP
Have you ever wondered why we spend so much time talking about the Registered Disability Savings Plan (RDSP)? It’s not just because we think it is a valuable tool for people with disabilities to save for the future,...
October is RDSP Awareness Month!
In 2014, the government of BC declared October RDSP Awareness Month to help raise awareness about the Registered Disability Savings Plan (RDSP). The RDSP is the world’s first savings plan specifically designed for people with disabilities. Even with...
We can help you apply for the DTC
Today, Bill C-20, an act respecting further COVID-19 measures, received the official Royal Assent from the Government of Canada. This means that qualifying Canadians with disabilities will receive a one-time benefit of $600 to help cover extra costs resulting...