Thinking of opening a Registered Disability Savings Plan? If you are, you might be asking how much the government would contribute to it. A fair question without a straightforward answer. There are two types of RDSP contributions the government provides: The RDSP...
by Ron Malis | May 24, 2021 | Advice, 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...
by Ron Malis | Apr 3, 2020 | RDSP, 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 Ontario Disability Support Program needs a serious overhaul. Many things need to be changed. But the program’s definition of disability is not one of them. Late last year, November 22nd, announced a few of the changes she and her government had in store for ODSP...
by Ron Malis | Apr 23, 2019 | ODSP
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