Protecting RDSPs and RESPs from Bankruptcy Seizure—MLA Andrew Weaver
How many of us plan for bankruptcy? Very few. Unfortunately, it happens far too often. When it occurs, individuals inevitably struggle to rebuild their lives in the hope that one day they will become financially stable once more. Registered...
RDSP Improvements from Budget 2012 Come Into Effect
Budget 2012 proposed a number of improvements to the RDSP, most of which have not come into effect until two days ago, on January 1, 2014. The changes are: Investment income earned in an RESP is now allowed to...
The RDSP: A valuable tool for individuals with disabilities and their families—Senator Doug Black
Introduced by the Government of Canada in 2008, the Registered Disability Savings Plan (RDSP) was the first of its kind in the world. It helps individuals with disabilities and their families plan and save for the future. Last week, the Standing Committee...
PRESS RELEASE – BMO Calls for Improvements to the RDSP—marketwatch.com
BMO Financial Group today called for a national solution to help make opening a Registered Disability Savings Plan (RDSP) easier for those who may need assistance from a guardian, during a hearing of the Senate Banking, Trade and Commerce...
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...
PEI: AYLWARD CALLS ON SHERIDAN TO FULFILL COMMITMENT TO EXEMPT RDSP BENEFITS—peipcparty.ca
CHARLOTTETOWN –Opposition Finance Critic James Aylward is calling on the Ghiz government to make benefits under the Registered Disabilities Savings Plan (RDSP) exempt from claw-back. During the 2012 Fall Legislature, government members unanimously supported a PC Opposition motion calling...
How Income Tax Provisions on RDSP Income may Affect Canada’s Newest—yet Landless—Band: The Qalipu Mi’kmaq of Newfoundland – by Joel Crocker
When payments are withdrawn from an RDSP, they are considered to contain private contributions, government contributions and investment income in the same proportions as within the RDSP. Two of these, the government contributions and investment income, are taxable upon...