Financial Solutions for People with Disabilities and their Families

Advice From Reegan Financial

ODSP Asset Limits

ODSP Asset Limits

There are always rules. And then there are exceptions to those rules. ODSP is comprised of a myriad of financial rules, limits, and restrictions. Rules that have been created and modified over many years.  At the same time, exceptions to those rules were developed.  Those aware of the rules but not the exceptions easily assume ODSP benefits are beyond their reach., when that is often not be the case.

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.

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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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