RDSP

What You Need to Know About ODSP

What You Need to Know About ODSP 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,...

Financial Basics When You Have a Disability

Financial Basics When You Have a Disability People with disabilities often live on a tight budget.  For those that do, here are some points to help manage your financial health and long-term savings: Apply for the Disability Tax Credit. If you qualify, it can reduce the amount of income tax for you or somebody...

RDSP: When the Gov Contributions Don’t Come

RDSP: When the Gov Contributions Don’t Come Simply because you make a contribution to an RDSP account, does not mean you will get the government contributions you expect. RDSP accounts are complex and the government doesn’t make it easy for you.  There are a number of reasons why expected government...

Transferring Your RDSP

Transferring Your RDSP You can have one Registered Disability Savings Plan account. Unlike RESPs, TFSAs and RRSPs where you are allowed to have as many accounts at different financial institutions, you may not have more than one RDSP account.  In fact, as the government says on its...

Where to Open an RDSP

Where to Open an RDSP I can’t bite my tongue any longer. You want to open a Registered Disability Savings Plan (RDSP), but where? You have choices, but not many. There are the major banks, credit unions, a few other financial institutions and mutual fund companies through financial...