Specified Disability Savings Plan – SDSP – How Does it Work ?
The specified disability savings plan SDSP is a way for holders of an RDSP with a shorter life expectancy to get access to funds in the plan.
The specified disability savings plan SDSP is a way for holders of an RDSP with a shorter life expectancy to get access to funds in the plan.
While I am not an expert about RDSPs I have learned a lot about it by setting one up and tending one for my son who is on the spectrum. It is a hard program to understand, but important for disabled folks, none the less.
RDSP and Budget 2019 , the government added two changes to the program that make sense and address some important issues. These changes became law once the Budget was passed in 2019.
The Registered Disability Savings Plan (RDSP) is a really long-term savings plan and it is designed to be just that, if you see penalties for early withdrawals, you’d understand.
It is that magical time of the year when if you have an #RDSP you will receive a Statement of Grant Entitlement for this coming year.