2008 Grant and Bond Deadline today!
For those of you wanting to capitalize on the 2008 Federal contributions into a Registered Disability Savings Plan, today is the last day to get your plan set up and contribute for the 2008 year, leveraging up to $4,500...
CIBC becomes the 3rd National Bank to Offer RDSPs
The Canadian Imperial Bank of Commerce (CIBC) will now be offering RDSPs to Canadians across the country. CIBC announced this morning in a news release that they are prepared to issue RDSPs. “The RDSP is an effective way...
The RDSP Extension – How does it actually work?
Guest Post by Eileen Reppenhagen, CGA, ACG, CL www.taxdetective.ca When a person goes into the bank (at present the Bank of Montreal and Royal Bank of Canada) they are required to complete an application. The application is sent to...
Warning!
Some of the families that we have been speaking to who are looking to set up an RDSP in time for the March 2, 2009 deadline to receive the 2008 Grant and Bond have been told some things that...
Yet another full exemption! Northwest Territories exempts RDSP from Income Security Programs for people with disabilities
The Government of the Northwest Territories has joined the group of provinces and territories who are progressively backing the full exemption of RDSPs from affecting their provincial disability income assistance. The Honourable Jackson Lafferty announced that the NWT...
Nova Scotia fully exempts the RDSP!
Nova Scotia has joined the majority of provinces who are fully exempting the Registered Disability Savings Plan when calculating clients elgibility for income assistance. Nova Scotia announced this fantastic news earlier this morning and will allow Nova Scotians receiving...
Royal Bank of Canada announces that they will begin offering RDSPs on February 16th
Feb 9 – RBC announced today that it will be offering an RDSP product effective February 16th. This is good news for Canadians as they now have a choice about where they open their RDSPs. At the same time,...
Do I need to be approved for the Disability Tax Credit before I set up an RDSP?
Another question that has been coming up frequently is around applying for the Disability Tax Credit. The approximate time it takes to process the DTC application is around 6-8 weeks (approximate), and this has many people wondering whether they...
Parents as holders of RDSPs
Now that the RDSP is a reality and financial institutions are beginning to offer it for sale a major challenge is beginning to surface. Parents are encountering an impediment to opening an RDSP for their adult sons and daughters. ...
Government Extends Deadline to March 2, 2009
At an event celebrating the national availability of Registered Disability Savings Plans (RDSPs), the Honourable Jim Flaherty, Minister of Finance, and the Honourable Diane Finley, Minister of Human Resources and Skills Development, today announced that the deadline for opening...