Parties to a Registered Disability Savings Plan (RDSP)

Registered Disability Savings Plans (RDSP) technically have three parties to the plan and each have their own eligibility requirements. There are three parties to an RDSP: Holder(s): The person(s) who opens the plan, contributes, authorizes contributions and manages the plan. Beneficiary: The disabled individual who receives funds from the RDSP in the future. Issuer: The…

How Do the Canada Disability Savings Grant (CDSG) and Bond (CDSB) Work?

The principal attraction of Registered Disability Savings Plans (RDSPs) are the generous government benefits, known as the Canada Disability Savings Grant and Canada Disability Savings Bond.  These amounts are set out in Canada Disability Savings Act, and are tracked and paid out by Employment and Social Development Canada (ESDC). Canada Disability Savings Bond (CDSB) CDSB is non-contributory, meaning…

What is the Disability Tax Credit (DTC)?

The Disability Tax Credit is an important tax credit for Canadians with disabilities, not just because of the $8,113 disability amount.  The DTC allows you to unlocks a number of credits, deductions and benefits that can be claimed by the individual and their caregivers. ***Exponent Investment Management is a Financial Planning and Investment Management firm,…

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