The group is also calling on Ottawa to alter the rules surrounding group RRSPs to put them on a more level playing field with workplace pensions
Minister of State (Social Development) Candice Bergen reminds advisors to make sure they tell clients about government savings vehicles for education and the disabled (RESPs and RDSPs) She spoke at the CIFPs 2015 annual conference in Vancouver.
Certain provinces have been given two more years to create a streamlined process for disabled adults to open an RDSP
Investors can choose from a wide range of investment products offered by NBDB
Two initiatives extend an RDSP deadline and offer credits for home accessibility improvements
Action group formed to increase participation
Partnership will focus on spreading the word about the benefits of RDSPs
Only about 15% of eligible Canadians have established a Registered Disability Savings Plan
One solution could be to allow people with disabilities to make a personal appointment of a “supportive person” for decision-making related to RDSPs
RDSPs can allow disabled individuals to have some authority over their finances