Financial Solutions for People with Disabilities and their Families

Advice From Reegan Financial

Pandemic Supports and ODSP

Pandemic Supports and ODSP

People with disabilities in Ontario feel they are getting the short end of the financial stick during the Covid-19 crisis. I can’t say I disagree with them. Hundreds of thousands of Ontarians with disabilities receive social assistance from the Ontario Disability...

Coronavirus Pandemic and the Registered Disability Savings Plan

Coronavirus Pandemic and the Registered Disability Savings Plan

The federal government has reduced the minimum withdrawal requirements for Registered Retirement Income Fund accounts for 2020 because of the Covid-19 pandemic impact on the markets. Registered Disability Savings Plans are subject to even more severe minimum withdrawal amounts, but measures to ease these requirements in light of the current crisis have not materialized.

Proposed ODSP Changes Reversed by Ford Government

Proposed ODSP Changes Reversed by Ford Government

Plans to change how the Ontario Disability Support Program treats employment income were scrapped by the Ford Government, but uncertainty about the future remains for people with disabilities on social assistance.

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ODSP and Inheritance

A single person without children living on their own can expect to receive approximately $1,168.27 a month as a recipient of the Ontario Disability Support Program. Not a lot of money when you consider the cost of living.

Registered Disability Savings Plan (RDSP)

An RDSP Account Can Earn You $90,000. The Federal Government of Canada, will contribute up to $90,000 to an RDSP over a person’s lifetime.

Managing a Henson Trust

You have an adult son or daughter who is receiving assistance from the Ontario Disability Support Program (ODSP) and you know leaving them with an inheritance in their name after you die could easily spell the end to their ODSP benefits.

Estate Planning

Understandably, parents of children with disabilities want to make sure their child will be okay when they can no longer parent.  Making sure their child is financially secure after they are gone is one of the biggest challenges parents face.

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