FOR IMMEDIATE RELEASE: PLAN BC partners with BMO on distribution of disability resource written by Order of Canada Recipient
Vancouver, B.C. – British Columbians who have a family member with a disability can now acquire a free copy of Safe and Secure at BMO branches across B.C. The publication offers helpful information related to disability benefits, taxation,...
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...
Do you have a Registered Disability Savings Plan (RDSP)? –Ottawa Community News
The Registered Disability Savings Plan (RDSP) is a long-term savings plan to help Canadians with disabilities and their families save for the future of the person with the disability. Often these funds are referred to as “Matched Savings Plan”...
Disability Tax Credit (DTC) Consultation Opportunity with CRA
You have until December 15, 2014 to participate. __ The Canada Revenue Agency (CRA) is committed to consulting with Canadians on The Disability Tax Credit Promoters Restrictions Act, and to seek feedback on how to simplify the disability tax...
Have Your Say on Protecting RDSPs from Bankruptcy—by Andrew Weaver, MLA Oak Bay – Gordon Head BC
Back in March 2014, I raised a concern about the lack of protection for Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plan (RESPs). Industry Canada is now conducting a public consultation that includes these same concerns. As a quick reminder, RDSPs...
USA Considers Developing Their Own Version of the RDSP
US Senate Leaders Team Up to Back the Achieving a Better Life Experience (ABLE) Act. Washington, DC, USA – March 24, 2014. From www.ndss.org The ABLE Act has amassed the support of 68 cosponsors from the US Senate and...
RDSPs and FATCA: Warning to People With Disabilities With Any Connection to the U.S.
On March 18, 2010, the United States (US) announced a world-wide provision known as the Foreign Account Tax Compliance Act (FATCA) which demands that every non-US financial institution on earth—such as all Canadian banks and credit unions—must enter into an agreement with...
Transferring Your RDSP from One Financial Institution to Another—by PLAN
Not every Financial Institution (FI) is right for everyone. And many different types of FIs offer RDSPs, including banks, credit unions and trust companies. See the most up-to-date list of FIs that offer the RDSP here. Perhaps you are currently with one FI but would...
Updated Income Numbers to Determine Grant and Bond Amounts
The Canada Disability Savings Grant is an amount paid based on contributions deposited into an RDSP. If the beneficiary’s annual family income is less than or equal to $87,123 for 2013, the Government of Canada pays: a 300% Grant...
RDSP allows for long-term savings—Brenda Shanahan—Montreal Gazette
The idea behind the Registered Disability Savings Plan is to enable families and disabled adults to accumulate tax-assisted long-term savings to provide for the disabled adult in their later years. Q: I have a friend who is 37, disabled...