Your guide to the Registered Disability Savings Plan (RDSP). Learn more about how you can qualify and what you can expect to receive.
Updated June 2023. The Registered Disability Savings Plan (RDSP) is a long-term savings plan specifically designed to help individuals with disabilities and their families save for the future. Introduced by the Canadian government in 2008, the RDSP aims to provide financial security and support for individuals with disabilities over their lifetimes.
Here are some key features and benefits of the RDSP: (more…)
Updated June 2023. One common misconception about the Disability Tax Credit (DTC) is that it holds no value for recipients of the Ontario Disability Support Program (ODSP).
While the non-refundable tax credit portion of the Disability Tax Credit is often the focus, ODSP recipients typically don’t have any taxes payable, so they can’t directly benefit from this part of the credit. However, this doesn’t mean that individuals on ODSP cannot leverage the other benefits offered by the Disability Tax Credit.