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Poster-RDSP Chinese Telelearning -July21-2010

PLAN  is hosting a Chinese RDSP telephone seminar for Chinese families across the country July 21, 2010. Please see the attached poster for more information.

RDSP Teleseminar (Mandarin)

Date and Time: Wednesday, July 21, 2010 – 5 PM to 6:30 PM (Vancouver time)

Register

– by phone: 604-439-9566

– by email: inquiries@plan.ca

– by website: www.forthefuture.ca

殘障人士註册儲蓄計劃(RDSP)是加拿大政府新訂的一項儲蓄計劃,能幫助我們有殘障的親人建立長遠的經濟保障。殘障人士福利計劃倡導會 (PLAN) 將為加拿大華語家庭安排兩個中文RDSP 電話遙距講座,日期在2010年6月16日和7月21日。如果與您有聯系的華語家庭中有需要知道關於RDSP 資訊者,希望你能幫助將所附上海報交給他們。謹此致謝!

RDSP電話中文講座日期和時間: (溫哥華時間)
2010年7月21日(星期三)下午5時至下午6時 30分(國語)
報名電話:604-439-9566
電郵報名:inquiries@plan.ca

PLAN’s new  Step by Step Guide (to becoming eligible, opening and managing your Registered Disability Savings Plan) is available now for free download. Just click on the following link:  Step-by-Step Guide

With support from the Investor Education Fund, the guide has been written and designed in plain language for people with disabilities and their families.  It will walk you through all the steps necessary for becoming eligible, opening and managing an RDSP.

Feel free to use it and pass it on to others who might utilize it.  Our goal is to make information about the RDSP more accessible so that more people can use the RDSP to improve their financial security.

And….let us know what you think!  Post your comments and suggestions…there will always be another iteration.

Nova Scotia has joined the majority of provinces who are fully exempting the Registered Disability Savings Plan when calculating clients elgibility for income assistance.  Nova Scotia announced this fantastic news earlier this morning and will allow Nova Scotians receiving income assistance to fully benefit from this program.

“Many people worry about what will happen when they’re no longer here to provide care for a family member who is disabled,” said Community Services Minister Chris d’Entremont. “This will give families peace of mind by allowing them to plan a more financially secure future for their relative.

There are no restrictions on who may contribute to a Registered Disability Savings Plan and no annual contribution limit. There is a lifetime maximum of $200,000 per individual fund. The federal government recently announced that the 2008 contribution year has been extended to March 2, 2009”

This means that BC, Alberta, Saskatchewan, Manitoba, Ontario, Newfoundland and Labrador, Yukon, Nova Scotia, (and sounds like NWT), have all come out in complete support of the RDSP.  Quebec and New Brunswick have exempted the RDSP as an asset (meaning it can grow to whatever amount without affecting Disability income assistance benefits), but have capped the amount you can receive from an RDSP monthly at $305 (QB) and $800 (NB).  PEI has exempted the RDSP as an asset and income, up until someone reaches the low income threshold (go to http://www.rdsp.com for more details).  Nunavut is yet to announce their treatment of the RDSP.

To view the official press release you can visit the Nova Scotia Department of Community Services website at http://www.gov.ns.ca/news/details.asp?id=20090211002

Make sure to take a look at the A Primer on Special Needs blog for a really interesting post on the RDSP and trusts. Michelle Morgan Coole, a really savvy legal analyst from Nova Scotia argues that the RDSP, with its raised asset allowance and treatment of income, should lead to an improvement of the treatment of trusts.

To view the article click on this link: http://specialneeds-ns.blogspot.com/2008/06/gone-gone-gone-youve-been-gone-too-long.html

Currently BC, Alberta, Newfoundland, Saskatchewan, Manitoba, Ontario, Nova Scotia, NWT and Yukon have exempted the RDSP as an asset and/or income. Quebec and New Brunswick have exempted the RDSP as an asset but are capping the amount of income that you are allowed to withdraw from the plan (QB $305 exempt monhtly and NB $800 exempt monthly). Prince Edward Island has announced that they will exempt the RDSP as an asset and income up until the low income threshold (see http://www.rdsp.com for more details), and Nunavut has currently not indicated how they will treat the RDSP.

We will be updating this blog consistently and letting you know as soon as the provinces announce their intentions.

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