Financial Solutions for People with Disabilities and their Families

Advice From Reegan Financial

Changing ODSP’s Definition of Disability Will Hurt

The Ontario Disability Support Program needs a serious overhaul.  Many things need to be changed.  But the program’s definition of disability is not one of them. Late last year, November 22nd, announced a few of the changes she and her government had in store for ODSP...

ODSP and Employment Income: The Proposed Rules Won’t Help Everyone

I know too much about the Ontario Disability Support Program to feel optimistic. After cancelling most of the changes the previous Liberal government announced for the Ontario Disability Support Program in their final budget before leaving office, Ontario’s Ford...

RDSP Improvements Announced – Federal Budget 2019

The federal government’s 2019 budget includes changes to the Registered Disability Savings Plan. To keep your RDSP open, approval for the Disability Tax Credit must be maintained. People fear their RDSP accounts will be shut down and lose most or the government contributions, if their attempts to renew their DTC are rejected. The federal government budget’s announced changes put an end to this fear.

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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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