Too many hurdles to disability savings plan, Senate committee says—Jordan Press—Ottawa Citizen
OTTAWA — The Senate’s banking committee says the federal government has to do more to remove hurdles for Canadians to start aRegistered Disability Savings Plan (RDSP), and do a better job of advertising the under-utilized program. Issues with the six-year-old...
Senate Releases List of Improvement Recommendations on the RDSP
The Standing Senate Committee on Banking, Trade and Commerce held a series of community meetings from December 2013 through February 2014 to study the ability of individuals to establish an RDSP with particular emphasis on legal representation, and the ability...
Senate Committee Authorized to Study the Ability of Individuals to Establish a Registered Disability Savings Plan
On December 3, 2013, the Canadian Senate agreed to adopt the following motion: “That the Standing Senate Committee on Banking, Trade and Commerce be authorized to examine and report on the ability of individuals to establish a registered disability...
‘Tis this season to maximize deductions— Winnipeg Free Press
As another tumultuous year draws to a close, let’s try to save you some tax money for 2011. Dec. 31 is the deadline for deductible business expenses, which mostly relates to commission salespeople and to business owners. Corporate tax...
Delays in the Payment of Grant or Bond?
A detailed overview of most common problems which delay Canada Disability Saving Grant or Bond payments and steps to take to remedy the situation.
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...
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...
RDSP Reforms Become Law
Several reforms important to people with disabilities became law in mid-December when Bill C-47 (the last of the budget Bills) was passed by the Senate and given Royal Assent. In his budget, Finance Minister Flaherty announced carry forward provisions...
Minister Flaherty continues to promote access to the RDSP
The Honorable James Flaherty, Minister of Finance, has once again taken the initiative to ensure that people with disabilities are able to access the RDSP. You are probably aware that the Disability Tax Credit (DTC) is one of the...
Transfers from one financial institution to another: update
A number of you have expressed frustration in not being able to transfer your RDSP from one financial institution to another. Part of that frustration has been that the messages have been conflicting – you should be able to...