RDSP

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...

The Liberal government presented the 2019 budget, yesterday.  In it, they made two positive changes to the Registered Disability Savings Plan (RDSP). To open an RDSP account, you must qualify for the Disability Tax Credit (DTC).  Once you have that, you can open an...

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’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...

If your son or daughter is on ODSP (Ontario Disability Support Program), there is only so much money they can receive from other sources before their ODSP benefits are jeopardized. That includes money withdrawn from a Henson Trust. There is no limit to the amount of...

Whether you have a child with a disability or not, the simple answer in almost all situations is yes. Retaining a lawyer to draft a proper will does cost. Many of my clients have paid in the neighbourhood of $1,500 to $2,500 for powers of attorney and a will that...