Registered Disability Savings Plan the Journey Continues
Discover the benefits of the registered disability savings plan (RDSP) and learn how to navigate potential challenges and solutions.
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Registered Disability Savings Plan
The RDSP is the Registered Disability Savings Plan, a Canadian Government program to help disabled individuals save for their future. Depending on the disability and income level of the disabled person (or their guardians/parents) the Government will also add allowances and bursaries to the account yearly, up to a lifetime maximum.
The RDSP is a key tool for parents of children with disabilities save for their loved one’s future. Once the child’s disability has been recognized by the CRA, an RDSP can be set up to start saving for the child’s future. The government’s additions will depend on the income level of the parents, the lower the income the more allowances and bursaries are added to the savings account.
Pensions and Disabled Children
If you have a disabled child, can your retirement planning actually benefit them as well? It can if you set up survivor benefits correctly.
No You Aren’t Married to Him
An amusing story arose from our application for an RDSP for our son. We had applied in November and the account was set up (see New Programs are Never Easy for more details on that… Read More »No You Aren’t Married to Him
Temple Grandin
The story of Temple Grandin is well known for parents with children on the Autism spectrum. For every Temple there are countless Autistic Adults that are simply locked away, just for having a different mind
Financial Valentines Day
Some ideas for financial valentines day and how you can celebrate with your sweety or your family, showing #Love financially speaking.
