Do you know what disability tax credits you’re entitled to?

If you’re living with a long-term disability, you may be eligible for the Registered Disability Savings Plans (RDSP). First introduced in 2008, the RDSP is designed to help those with disabilities and their caregivers attain long-term financial security. It’s based on the Registered Education Savings Plans (RESP), which helps parents save for their children’s education.

Do you know if you qualify?

Are you among the 90% of disabled Canadians who still hasn’t signed up for your RDSP—even though you qualify. To find out if you qualify, a good resource is the Canada Revenue page for the Registered disability savings plan (RDSP) plan. It describes how to open an RDSP, and provides many forms and publications that can help you get started.

In the news

In the news today (March 29, 2012) as part of the new budget, Ottawa is making some key changes to the RDSP, which will make it easier to open accounts and also to make withdrawals. While some see these changes as largely beneficial, critics see these changes as a dangerous over-simplication of the RDSP.

Learn more

The following video (produced in 2010 by the Globe & Mail) makes it even easier to understand.

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