Canada Launches Caregiver Tax Credit—Tax News
Canada’s Finance Minister Jim Flaherty has been promoting a series of tax reliefs aimed at helping caregivers and those with disabilities, including a new tax credit. Addressing the Canadian Cancer Society Flaherty reminded families of a new federal tax...
‘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...
RRSP, PRPP, TFSA, RESP or RDSP?—Financial Post
The registered disability savings plan (RDSP) should really be the go-to registered vehicle for disabled Canadians and their families to not only enjoy taxdeferred investment compounding but to take advantage of significant government funds available, potentially retroactive to 2008,...
RDSPs attractive, but need a few tweaks – Financial Post
Tax-assisted Registered Disability Savings Plans first became available in December 2008 and, with their third year anniversary fast approaching, the government has launched a formal consultation process to solicit the views of stakeholders as to how to improve the...
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.
RDSP versus Trust: Scenario 2 (Janis)
One of the most common questions that we get is, “Should I put my money in an RDSP or a Trust?” The answer is invariably, “It depends.” This scenario explore the options when a 46 year old woman inherits...
New RDSP products available from HRSDC!
From the Federal Government’s RDSP Grant, Bond and Outreach Team: “It is a pleasure to announce another new feature to our website – videos about the Registered Disability Savings Plan (RDSP), the Canada Disability Savings Grant and the Canada Disability Savings...
U.S. citizens living in Canada|Canadian citizens living in U.S.
We have had several questions recently relating to citizenship and residency and the Registered Disability Savings Plan (“RDSP”). As you may have heard in the media recently, the U.S. Internal Revenue Service (“IRS”) is paying more attention to Americans...
RDSP #1 Barrier: The 10-Year Rule
From December 2008 to December 2010, Canadians opened 41,060 RDSP’s, which represents only 9% of the eligible population. So why have the existing 91% of Canadians not accessed the RDSP? Throughout the summer, we’ve been discussing the possible barriers...
RDSP #2: RDSP Government Contribution (Grants & Bonds) Age Limit
The age limit to receive a RDSP grant and/or bond was indentified by families as the second most challenging barrier to the RDSP. Individuals with an RDSP don’t qualify for the government grants or bonds if they are over 49...