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All about the RDSP

The Registered Disability Savings Plan (RDSP) is a Canada-wide registered matched savings plan for people with disabilities.
Here are some basics:

For every $1 put in an RDSP account, the federal government will match it (if your family income is below $95,259) with up to $3! This is the Canada Disability Savings Grant.

For people living on a low-income (less than $31,120), the federal government will invest $1000 each year for 20 years! This is the Canada Disability Savings Bond.

People living on an income between $31,120 and $47,630 can still receive a partial bond.

Anyone can contribute to an RDSP – family, friends, and even neighbours. This gives people who want to help a way to do so!

RDSPs offer some of the best returns on investment available. Your money will grow. It might even triple in size!

The RDSP is exempt from most provincial disability and income assistance benefits. The government will not claw this money back. (To find out how your province treats the RDSP, go to www.disabilitysavings.gc.ca.)

There are no restrictions on how RDSP withdrawals are spent.

For more questions feel free to reach out!

It's true!

Perhaps you're wondering about your future and how're you're going to take care of your family. From your children's education to your dreams for retirement, your hopes for the future can sometimes be hard to believe in.

The truth is, belief isn't enough.

What families need today is to know the facts, understand what tools are available, and create strategies that work.

In the financial industry there's a saying:

"People don't plan to fail, they fail to plan".

Let's develop a strategy you can believe in !

Few people think about estate planning. Of course if people don't do much in terms of savings, investments, and insurance, estate planning will not be on their priority list. Everybody has an estate, your estate is everything you own minus your debt, such as your house, car, money in the bank, family heirlooms, etc. Imagine you work hard all your entire life and built up an estate. You want to pass It on to someone, but it ends up with someone else due to your lack of planning. A Will or a Trust is a tool for you to organize how you want your estate to be distributed when you pass away

A Tax Free Savings Account is a Savings vehicle for Canadians to save inside their own Tax shelter. You have different investment choices. The beauty of TFSA is that regardless of how much growth you have inside your account, you'll never have to pay tax. It is by far the most Tax advantageous vehicle available to Canadians.