Blog – Reegan Financial Thoughts

Reading about the Registered Disability Savings Plan on the web can give you a basic understanding of the RDSP, but that is about it. A little googling and you learn the government will contribute up to $90,000. But, figuring out how much can you expect from the...

Thinking of opening a Registered Disability Savings Plan? If you are, you might be asking how much the government would contribute to it.  A fair question without a straightforward answer. There are two types of RDSP contributions the government provides: The RDSP...

Is the Registered Disability Savings Plan worth it? In theory, the RDSP makes a whole lot of sense. Over a lifetime, the federal government can contribute up to $90,000. But does it make sense for you? How much would you actually get from the government? How long...

The Ontario Disability Support Program (ODSP) provides social assistance for adults with disabilities in financial need. It provides income and health benefits for those who qualify. This summary will outline the basics of qualifying for ODSP, we have a more...

The Ontario Disability Support Program (ODSP) has a fairly complex set of guidelines that determine who is eligible for the program.  However, there are two basic areas that determine whether a person with a disability qualifies for ODSP from a financial perspective:...

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...

The federal government has reduced the amount retirees must withdraw from Registered Retirement Income Fund accounts because of the effects Covid-19 is having on investments.  They seem to have overlooked those with a Registered Disability Savings Plan (RDSP). Sharp...

On November 22, 2018, the Ford Government announced forthcoming changes to the Ontario Disability Support Program’s (ODSP) treatment of employment income and its definition of disability.  The changes were supposed to be implemented at some point during the following...