External Events: Events hosted by community partners from within BC. (FSIBC is not responsible for the content, management or facilitation of these sessions. All inquiries and comments are referred directly to event organizers.)
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“Ask an Expert – Beyond the RDSP: Financial Planning for People with Disabilities”, will feature a speaker from Plan Institute, Disability Alliance BC, the BC Aboriginal Network on Disability Society, and Disability Without Poverty. We will be discussing the Canada Disability Benefit, the Disability Tax Credit, other disability related Income/Tax Benefits, the Registered Disability Savings Plan (RDSP), Income Assistance, and other financial planning considerations.
This event will be live-streamed on Plan Institute’s Facebook page and will be recorded privately for registrants only.
We encourage you to check out our web page on RDSP Awareness Month which features several resources and social media post templates at the following link: https://www.rdsp.com/rdsp-awareness-month/
More information about RDSP Awareness Month:
In 2014, the government of BC declared October RDSP Awareness Month to help raise awareness about the Registered Disability Savings Plan (RDSP). The RDSP is the world’s first savings plan specifically designed for people with disabilities. Even with little to no personal contributions, there are significant government contributions available to help many Canadians with disabilities to save for their future.
We believe that everyone should be talking about the RDSP, but unfortunately, we know this isn’t the case. Even with the financial security that it can provide, many people who qualify still don’t have an RDSP. Many Canadians know about or take advantage of RRSPs or RESPs, but far fewer people know about the RDSP.
Only about 31% of people who are approved for the Disability Tax Credit (DTC) and are aged 0-49 have opened an RDSP (49 is the cutoff for opening an RDSP and being able to receive government contributions). Being approved for the DTC is the most important thing to have before you can open an RDSP.
If you or someone you know has a disability, we encourage you to find out more. Contact your financial institution, our website, or Access RDSP for more information.
More information about the Access RDSP partnership:
Access RDSP is a partnership between Plan Institute, BC Aboriginal Network on Disability Society (BCANDS) and Disability Alliance BC (DABC). The purpose of the program is to increase uptake of the RDSP by helping people learn about, become eligible for and open an account. We provide support and resources for every step of the way. BCANDS provides one-on-one direct service for Indigenous peoples. All our services are free!
The RDSP is a great resource for those it benefits, yet many still face barriers trying to access it. For example, a doctor can charge a fee for filling out a DTC application. We continue to advocate for positive changes that will make the RDSP more accessible.