Archives for financial planning

Open an RDSP now or wait until a child becomes and adult?


Because RDSP beneficiaries will probably have lower income than their families once they become adults, people think that they should wait until the beneficiary is an adult before opening.  The analysis doesn’t necessarily bear this out.  Read the post:


CLBC now offering Individualized Funding


Starting in 2009 CLBC has been actively encouraging families to consider Individualized Funding as an option for their family member with a developmental disability.

The CLBC website has some good print resources to help families decide if this option is for them.

You might also want to check out the BC Coaltion for People with Disabilites  who have a section of their website dedicated to Individualized Funding including a downloadable guide (pdf).The guide is a bit tricky to find, you need to click on the "Guide to Individualized Funding" at the bottom of the resources page.

If you are interested in this funding option contact your CLBC facilitator for more information.

All about the RDSP


PLAN has created a new site –  It’s the go-to site for information about Canada’s new registered disability savings plan and the accompanying Canada Disability Savings Grant and Bond.

Registered Disability Savings Plan Deadline is Dec 31st


Canadians with disabilities and their families have a new financial tool with which to secure their financial futures: a Registered Disability Savings Plan. The deadline of December 31, 2010 is looming large for 2010 contributions.

You can get information about the RDSP at the blog and at the PLAN website