If you don’t know how much you should contribute to your Registered Disability Savings Plan, you might not contribute enough. What is worse, you might contribute more than required. It is easy enough to deposit money into an RDSP. Withdrawing money is a different...
by Ron Malis | Dec 14, 2021 | Advice, RDSP, Uncategorized
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...
by Ron Malis | Apr 29, 2020 | Uncategorized
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...
by Ron Malis | Apr 3, 2020 | RDSP, Uncategorized
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...
by Ron Malis | Jan 20, 2020 | ODSP, Uncategorized
Jeanette was 36 when her father died. It had been a tough year for Jeanette. After her father passed away, she had to set up a Henson Trust for her older brother, Darrell. She didn’t expect her role as trustee – and everything else that came with it – would be...
by Ron Malis | Nov 28, 2019 | Advice, Estate Planning, ODSP, Uncategorized
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