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How Much Should My RDSP Contribution Be?

How Much Should My RDSP Contribution Be? Make a contribution to your Registered Disability Savings Plan (RDSP) and you can expect the government will make a generous matching “Grant” contribution. But how much should you contribute? If you are not careful, you could end up contributing more to your RDSP...

What Would You Call It?

What Would You Call It? What’s in a name? Here I am, trying to figure out a name for my business. It ain’t easy. At least not for me. I am a financial advisor with a particular niche. Almost all my clients have a disability or have a child with a disability. 70% are parents with adult...

ODSP Needs To Be Simplified

ODSP Needs To Be Simplified ODSP IS BETTER THAN IT WAS, BUT IT ISN’T ANY EASIER. The Ontario Disability Support Program (ODSP) is the social safety net for Ontario adults with disabilities.  With the unemployment rate for people with disabilities hovering near 50%, it isn’t surprising...

ODSP Changes Explained

ODSP Changes Explained   The Ontario government have made some positive changes to the Ontario Disability Support Program (ODSP).  Some more significant than others, but all are improvements.  Here are some of the changes. As of September 1, 2017… 1. Income benefits increased by...

Who is Eligible for ODSP?

Who is Eligible for ODSP? The Ontario Disability Support Program (ODSP) provides a monthly income as well as health benefits to people with disabilities.  But it takes more than having a disability to qualify.  Your financial status is also considered. Fundamentally, ODSP is for people with...

Henson Trust: How to Pick Your Trustees

Henson Trust: How to Pick Your Trustees You have an adult child receiving benefits from the Ontario Disability Support Program (ODSP), so you have a will that includes a Henson Trust to protect her ODSP after you have passed away.  You have chosen one or more trustees to manage the assets in that Henson...

ODSP and My Inheritance

ODSP and My Inheritance Inheriting money can be a mixed blessing, even for those on ODSP. Your mother passes away and, to add to the grief and stress, you find out she left you $95,000 in an inheritance.  If you are receiving benefits from the Ontario Disability Support Program, you know you...