Tax Planning
Withdrawing from a RDSP
Withdrawing from a RDSP must begin before the end of the year the beneficiary turns 60 years old. However, withdrawals can happen at any age but there may be penalties. There are two types of […]
disability
Tax Planning
Contributions to a RDSP
Contributions to a RDSP, Registered Disability Savings Plan, have a lifetime limit of $200,000 but no annual limit amount. Contributions into a RDSP are not limited only to the plan holder. With written permission from […]
Insurance
Applying for Disability Insurance
Many individuals tend to overlook disability insurance as they believe, “it won’t happen to me” but 1 in 3 Canadians will be disabled for more than 90 days. Make sure you’re covered […]