RDSP Improvements Announced

Good News for People with Disabilities in the Federal Budget Once again, Minister James Flaherty demonstrated his commitment to people with disabilities, their families and to the Registered Disability Savings Plan... Read More

Rollovers to RDSPs

Parents and grandparents should pay special attention to the federal provision, which permits them (at death) to roll their RRSP or RRIF over to son, daughter or grandchild’s Registered Disability Savings... Read More

Impact on OAS-GIS

A number of people have inquired recently about how their Old Age Security (OAS) and Guaranteed Income Supplement (GIS) will be affected by income from a Registered Disability Savings Plan when... Read More

Saving for a Son or Daughter with a Disability (BC)

What is the best way to save for the future for a son or daughter with a disability? It depends.  This is a frustrating answer but reflects the reality.  The situation... Read More

Income, Assets and BC Disability Benefits

Ironically, financial security may seem easier to achieve if you or your loved one is not receiving BC Disability Benefits (and the same comment applies in most other Canadian provinces as... Read More

The LDAP formula and pre-eligibility

Moments after tweeting what I claimed to be my last recommendation to improve the Registered Disability Savings Plan, I read Travis Coady’s submission to the federal government’s RDSP Review.  With eloquence... Read More

Make the RDSP creditor proof

Since the RDSP was launched many people have raised the question of making it creditor proof.  Many beneficiaries and holders have had little experience managing funds and thus lower levels of... Read More

Roll the Beneficiary’s RRSP into an RDSP

People who have become disabled later in life have often worked and accumulated assets in Registered Retirement Savings Plans.  If they are eligible to open a Registered Disability Savings Plan, rolling... Read More

Promoting Home Ownership

Many people with disabilities, supported by their families, would like to be able to own their own home.  Owning one’s own home has numerous advantages (See www.plan.ca and Safe and Secure, by... Read More

Compress the timelines in the design of the RDSP

Currently, the RDSP has several milestones built into its design: Beneficiaries, whether a holder or not, can request funds from their RDSP at age 27 (provided the federal government contributions are... Read More