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Erin enjoys a rich life with her family and friends. Few families are better prepared to plan for the future. Ric and Pat, Erin’s parents, are well known family leaders who are involved with PLAN, Family Support Institute and Vela Microboard Association. Pat, who leads PLAN’s will & estate planning workshops, is a provincial authority on trusts, disability benefits and future planning strategies. Ric and Pat are excited about the prospects of the Registered Disability Savings Plan and the potential that it holds for Erin’s future.

Erin has recently celebrated her 29th birthday. If Ric and Pat set up a Registered Disability Savings Plan and contribute $1,500 a year for the next 20 years, the proposed plan would provide Erin with additional income of 31,000 per year for 20 years from her 60th birthday until she is 80.

The following table elaborates:



Family ($1,500/year for 20 years)


Disability Savings Grant ($3,500/year for 20 years)


Disability Savings Bond ($1,000/year for 20 years)


Total Contributions


Total Interest (approximate)


Disbursements ($31,000/year for 20 years)


The example assumes the following:

The RDSP realizes average returns of 5.6% per year

Erin’s income is less than $20,833 per year

Total government contributions are $90,000 split between the grant and the bond.

Alternatively, if Erin, Ric and Pat wanted to use the plan to save for the purchase of a home, the capital would grow to $385,000 by the time Erin is 60, if no withdrawals are made from the plan.


A music lover and human rights activist, David Cohen’s greatest legacy might be his hand in the creation of a Registered Disability Savings Plan, which will benefit an estimated 740,000 Canadians with disabilities.

When David was diagnosed with terminal brain cancer in the fall of 2005, his friends rallied to his support. His days in hospital and later in a hospice were filled with company, with tears and with laughter. As his friends celebrated his life, they caught the attention of a CBC producer who was captivated by their devotion to David.

When Sean Moore, a partner at Gowling Lafleur Henderson, saw David’s Legacy on CBC’s The National in March, it prompted him to call PLAN. Sean had supported PLAN’s efforts to advance a Registered Disability Savings Plan in Ottawa over the previous three years. Sean suggested that PLAN meet with the newly elected Conservative Government which was in the last stages of preparing its spring budget, “…and”, he said, “I think I can arrange a meeting with folks in the Prime Minister’s Office.

In his first budget less than two weeks later Finance Minister, James Flaherty, announced his intent to create an expert panel to study the issues faced by families faced with the concern of securing the future for their relatives with disabilities. Less than a year later, on March 19th, 2007 Minister Flaherty made Canada the first nation to create a Registered Disability Savings Plan.

March 21, 2007 – Jeff Lee writes about the announcement of the RDSP. Parents of disabled kids welcome Ottawa’s plan disabilities savings plan. Read the article.

March 21, 2007 – The Province: March Budget breaks new ground for families with disabled kids. Read the article.

March 19, 2007 – Stewart Lewis writes about the budget announcment of the RDSP in Investment Executive. Read the article.

Listen to an interview about the Registered Disability Savings Plan with Al Etmanski of PLAN on “The House” on CBC Radio One.


Canada becomes the first country to create a Disability Savings Plan with Minister Flaherty’s budget announcement on March 19th.

Read pages 83-86 of the federal budget on the DSP.

For the first time in history, a generation of people with disabilities are outliving their parents. The creation of the Disability Savings Plan, responds to this global phenomenon by assisting families create financial security, provide safe homes, and cover the extraordinary costs associated with their son or daughter’s disability.

The Disability Savings Plan will benefit more than 700,000 people with severe disabilities, whose families will now have a simple method for planning for the future. The Plan will put billions into the hands of people with disabilities.

PLAN and its Affiliates have been promoting the creation of a Disability Savings Plan for nearly five years. During 2005 and 2006, PLAN conducted national consultations and met with hundreds of families from coast to coast to get their input on the design of a plan.

December 30, 2006 – Norma Greenaway’s coverage of the Expert Panel’s Report in the Ottawa Citizen. Read the article.

December 16, 2006 – Don Cayo’s on the Expert Panel’s Report in the Vancouver Sun. Read the Article.

December 15th – Globe & Mail Editorial about the Registered Disability Savings Plan. Read the Editorial.

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