Random Thoughts: Financial Shock Collar?
Money conversations are often difficult – learn how a Financial Shock Collar can help couples communicate on financial matters. Shock yourself to better budgeting!
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.
Money conversations are often difficult – learn how a Financial Shock Collar can help couples communicate on financial matters. Shock yourself to better budgeting!
Setting up an RDSP should be straight forward, however, due to it not being a heavily used savings vehicle, the Banks have not made it simple.
The Registered Disability Savings Plan ( RDSP ) is an important savings vehicle for those folks who are disabled or have loved ones who are disabled.
It is not surprising that more folks are on the EI roles in April 2009, but things did get a little better.