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
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
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
ODSP IS BETTER THAN IT WAS, BUT IT ISN’T ANY EASIER. The Ontario Disability Support Program (ODSP) is the social safety net for Ontario adults with disabilities. With the unemployment rate for people with disabilities hovering near 50%, it isn’t surprising...
by Ron Malis | Sep 18, 2017 | Advice, ODSP