RDSP Update: Nice Payback
The RDSP payback received when money is added to the account varies depending on income, but overall the payback is well worth opening the account.
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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.
Does my Child need a Social Insurance Number (SIN)?
Why does your child needs a social insurance number ? The sooner they are in the system, the sooner your can open an RESP or RDSP or other programs.
Borrow to Max Out Contributions? (RDSP)
Is it a good idea to borrow to max out contributions to your RDSP? It sounds like a good idea, but is it really a good idea?
RDSP update and a TD Explanation
This was written in 2013, and I note that with this RDSP Update TD said they would fix my issues with depositing, however, as I have stated, this has not happened. After my article TD and… Read More »RDSP update and a TD Explanation
RDSP TD and a little progress
My struggles with TD/Waterhouse and their RDSP continues on, with a little progress thanks to a commenter to my previous post RDSP and TD Aggravations who suggested I was mistaken that I could in fact… Read More »RDSP TD and a little progress
