Simply because parents earn a reasonable income, own a home and have savings does not mean their adult child can’t seek financial assistance from the government if they have a disability. Too many people are under the impression that benefits such as the Ontario...
by Ron Malis | Sep 24, 2015 | Advice, ODSP
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...
by Ron Malis | Aug 14, 2015 | ODSP, RDSP
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...
by Ron Malis | Sep 16, 2014 | RDSP
Many parents open up a Registered Education Savings Plan (RESP) soon after their child is born even though post-secondary education is years away. People initiate the savings process early on because the expense is so significant. As parents of a child with a...
by Ron Malis | Jun 22, 2012 | Advice, RDSP
The primary purpose of life insurance is to take care of financial responsibilities in the event of premature death. There is a theory of decreasing responsibility that applies to most of us. New parents with young children, a significant mortgage, some consumer debt...
by Ron Malis | May 9, 2012 | Advice, Estate Planning, Insurance