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

Eliminating Risk versus Unleashing the Power of the Financial Services Sector

How public policy affects the behavior of financial planners and investment advisors. The Canada Disability Savings Regulations (4)(f) stipulate that financial institutions cannot charge fees related to the RDSP against the... Read More

Five reasons for a person in their 50s to open an RDSP

People who are 50 and older often believe that it’s not worth opening and contributing to a Registered Disability Savings Plan.  This belief is often reinforced by professionals and or support... Read More

Myth #2: Everyone Should Save in an RRSP (and why the RDSP is different!)

It’s nearing the end of RRSP season, financial institutions are running adds and the media is showing its usual enthusiastic interest in RRSPs.  It’s only normal, right?  Everyone should be opening... Read More

What if I need money from my RDSP?

The single most often asked question about the RDSP is, “What if I need money from my RDSP before ten years after the last federal government contribution?” This question is reflective... Read More