So, where are we at with the recent RDSP updates?
When the RDSP was first launched in December 2008, a review was scheduled to happen in three years’ time. Indeed, one year ago the Federal Government was busy working with PLAN and many others across the country to look...
BILL C-45 – “JOBS AND GROWTH ACT, 2012” – PART 1
AMENDMENTS TO THE INCOME TAX ACT AND RELATED REGULATIONS BUDGET 2012 MEASURES A. Registered Disability Savings Plans I. Registered Disability Savings Plans (RDSPs) – 10 Year Rule To provide greater access to RDSP savings for small withdrawals, this measure replaces...
Federal Government Releases Q&A Sheet on RDSP Changes
BUDGET 2012: CHANGES TO THE RDSP QUESTIONS & ANSWERS Please click on the following link to see a brief overview of announced Budget 2012 enhancements to the RDSP, the grant and the bond: BUDGET 2012_Qs & As_EN_Final July 2012 ________...
Registered Disability Savings Plan News—The Star Online—David Chen
Until now the RDSP was only offered by the big banks. While many parents wanted their own trusted financial advisor to handle their child’s RDSP account along with their other assets, the lack of non-bank RDSP account options prevented...
Positive Changes for Registered Disability Savings Plans Proposed in Federal Budget—gailbebee.com
—By Gail Bebee— Lost in the maelstrom of federal budget coverage about raising the Old Age Security qualifying age to 67 were several important changes to Canada’s Registered Disability Savings Plan (RDSP). Many Canadians are not familiar with this program...
RDSP – Federal Budget 2012: Powerful Program Or Administrative Carnival?—bpmmagazine.com
—By Darren Klorfine— The 2012 Federal Budget announced changes to the Registered Disability Savings Plan (RDSP) as a result of the government’s three-year review of the program. While all of the changes are welcome improvements in how the plan...
Choose carefully when opening investment accounts—parentcentral.ca
—By Alison Griffiths— Imagine shopping for a car. You visit a Toyota dealer where only Camrys and Corollas are available in black, grey or silver with cloth seats. A few days later you discover the Camry actually comes in a...
REVIEW OF THE REGISTERED DISABILITY SAVINGS PLAN—www.actionplan.gc.ca
Economic Action Plan 2012 proposes measures to ensure that Registered Disability Savings Plans continue to meet the needs of Canadians with severe disabilities and their families. In July 2006, the Minister of Finance appointed the Expert Panel on Financial Security for Children...
PLAN’s Submission to Finance Canada’s RDSP Three-Year Review
A Three-Year Review of the RDSP Between October 21 and December 16, 2011, the Government of Canada held a formal Review of the Registered Disability Savings Plan to ensure that the savings plans continue to meet the needs of...
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...