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...
by Ron Malis | Mar 20, 2019 | RDSP, Uncategorized
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...
by Ron Malis | Feb 14, 2018 | Advice, 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...
by Ron Malis | Oct 2, 2017 | ODSP, RDSP
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 That includes money withdrawn from a Henson Trust.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...
by Ron Malis | Feb 28, 2016 | Estate Planning, ODSP, RDSP
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...
by Ron Malis | Oct 29, 2015 | Advice, Estate Planning, ODSP, RDSP
Understanding ODSP is a job in itself. People do not know where to start. It’s a daunting task, trying to figure out which aspects to focus on. There are well over a 100 policies providing hundreds of pages of reading. Sound like fun? You can access them on-line,...
by Ron Malis | Oct 13, 2015 | Advice, ODSP, RDSP
