Financial Post
May 25, 2023.
Susan O’Brien, Wealth Advisor at Richardson Wealth writes about one of the most useful tools available to Canadians living with a disability is the registered disability savings plan (RDSP), a long-term savings plan designed to support parents and individuals living with disabilities to save for long-term financial security.
Contributions to an RDSP are not tax deductible and can be made by anyone until the beneficiary turns 59 years old, with a lifetime contribution limit of $200,000 but no annual limits, and the growth in the RDSP is tax free until withdrawals are made.
