Registered Disability Savings Plan
The Registered Disability Savings Plan (RDSP) is a savings plan designed specifically for people with disabilities in Canada. The first of its kind in the world, this new tax-deferred savings vehicle will assist around 500,000 Canadians in planning for long-term financial security. We host regular workshops on RDSP’s, check our workshops for the next date or signup.
Below are a number of links to resources and providers for more information on the RDSP.
Government of Canada has RDSP information available at :Canada Revenue Agency Employment and Social Development Canada
The PLAN Institute has created a guide – PLAN-Step-by-Step-Guide_Revised-2013 , and website RDSP website with a free RDSP calculator, step-by-step guide, blogs, tutorials and other valuable resources on the RDSP.
The March of Dimes has created a series of videos on RDSP by Graeme Treeby of the “Special Needs” Planning Group shares his knowledge about the RDSP assistance program for people with disabilities.A March of Dimes Minutes – #18 – RDSP Overview A March of Dimes Minutes – #19 – Private RDSP Contributions A March of Dimes Minutes – #20 – Federal RDSP Contributions (Savings Grant) A March of Dimes Minutes – #21 – Federal RDSP Contributions (Savings Bond) A March of Dimes Minutes – #22 – RDSP Withdrawl A March of Dimes Minutes – #23 – RDSP Early Withdrawal Penalties A March of Dimes Minutes – #24 – RDSP Tax Implications A March of Dimes Minutes – #25 – RDSP Drawbacks A March of Dimes Minutes – #26 – RDSP Benefits
Most of the financial institutions in Waterloo Region provide RDSP services, which can be seen at their website:Bank of Montreal (BMO)*
CIBC Libro Cedit Union Mennonite Savings and Credit Union Royal Bank of Canada (RBC)
Scotiabank TD Waterhouse * Official Sponsor of PLAN and Affiliates