advice

Ironically, one of the most rattling things that can happen to a person on ODSP Is to receive an inheritance. It is rattling because they can lose their ODSP benefits. Lately, I have received calls and emails from people on ODSP who have received an inheritance from a...

The Registered Disability Savings Plan is incredibly generous.  It is also incredibly complex.   Many people will collect $90,000 in government grants and bonds, but the plan’s complexity makes many others hesitate.  People tend to avoid purchasing products they don’t...

Calculating Annual RDSP government contributions is a bit of a mystery to some.  Here is how they are calculated. There are two types of RDSP government contributions: the Grant and the Bond.  Let’s start with the Grant. The Grant The Grant calculation is based on...

Some parents are making such an effort to deposit enough money into their child’s RDSP account in order to maximize the government Grant contributions.  With so much focus on the RDSP account, some parents are forsaking other important aspects of financial planning,...

People on ODSP should not be expected to take a vow of poverty. As an advisor, I work with many people on the Ontario Disability Support Program (ODSP), which is Ontario’s social assistance program offering income support for people with disabilities who are in...