The Registered Disability Savings Plan
(RDSP) has been devised to benefit Canadians with a severe or
prolonged disability. An RDSP beneficiary must —- Be eligible to receive the Disability
Tax
Credit (DTC) - Be a Canadian resident under the age of 60
at the time contributions are made
- Have a valid Social Insurance Number
(SIN)
To be an RDSP Plan Holder —- The person with the disability can open an
RDSP and be sole owner if they have reached the age of majority and
can legally manage their finances
- If the beneficiary is a minor or not
legally competent, a qualified plan holder, who must have a valid
SIN or Business Number (for public departments, agency or
organization) but does not have to be a Canadian citizen, can be
—
- A legal parent, guardian, tutor or curator
of the beneficiary
- An individual who is legally authorized to
act on behalf of the beneficiary
- A public department, agency or
organization that is legally authorized to act on behalf of the
beneficiary
To be a contributor to an RDSP —- A contributor can be the plan holder, as
well as friends and family who have the written permission of the
plan holder
Contact us todayIf you would like to find out more about
enhancing your financial success over the long term, please
contact the Investment Advisor nearest you to arrange a meeting
or call 1-866-280-2022. |
