Registered disability savings plans: Why don’t more have them?—CBC News
RDSPs have financial benefits even for those who don’t make contributions In the six years since registered disability savings plans (RDSPs) first appeared, the number of accounts has been steadily growing, reflecting the potential these plans have to make...
Pleasant surprises in 2011 tax year—Calgary Herald
It’s the time of year that’s dreaded by Canadians who know they’re going to owe money to the federal government and eagerly anticipated by employees who can’t wait to get their hands on sizable refund cheques: tax season. This...
Dispelling the Myths #3: RDSP Withdrawals
There are several common misunderstandings about withdrawals from RDSPs. It is, however, a critical thing for a contributor to understand. After all, at some point the idea is to use the funds for the beneficiary. That people are confused...
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...
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,...