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REGISTERED DISABILTY SAVINGS PLAN

1 / The government provides matching grants and bonds to help with savings, such as the Canada Disability Savings Grant, which matches up to $3,500 in annual contributions.

2 / The RDSP can hold various types of investment products.
3 / Contributions are not tax-deductible, but investment income grows tax-free until withdrawal.
4 / The beneficiary of the plan must be eligible for the Disability Tax Credit. There are no annual contribution limits, but there is a lifetime limit of $200,000.
5 / ​Contributions can be made up until the year the beneficiary turns 59.
6 / Withdrawals can be made at any time as Disability Assistance Payments. At the end of the year in which the beneficiary turns 60, an annual payment plan called Lifetime Disability Assistance Payments must be established.
7 / Withdrawals are included in the beneficiary's income for tax purposes when they are made.
CONTACT

CONTACT
MCNEIL
WEALTH
MANAGEMENT

OUR ADDRESS

20107 15 Ave
Edmonton, Alberta

Email: katelin.mcneil@cartewm.com
Tel:  403-650-4249

 

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