Building a Secure Future: Understanding the Registered Disability Savings Plan (RDSP)

At WMP Wealth Management Protection, we recognize the importance of financial planning for individuals with disabilities. Our Registered Disability Savings Plan (RDSP) solutions are designed to provide a pathway to financial security, independence, and a brighter future.

What is an RDSP?

A Registered Disability Savings Plan (RDSP) is a long-term savings plan designed specifically for individuals with disabilities. It helps individuals and their families save for the future while benefiting from government grants and bonds to enhance savings.

Key Features of WMP RDSPs:

1. Government Grants:

  • RDSPs are eligible for government grants, including the Canada Disability Savings Grant (CDSG) and the Canada Disability Savings Bond (CDSB).

2. Tax-Deferred Growth:

  • Enjoy tax-deferred growth on your RDSP investments, allowing your savings to accumulate over time.

3. Lifetime Disability Assistance Payments (LDAP):

  • Access income through Lifetime Disability Assistance Payments (LDAP) when needed, providing a source of financial support.

4. Flexible Contribution Options:

  • Contribute to the RDSP according to your financial capacity, with flexibility in contributions.

Why Choose WMP for RDSPs?

  1. Expert Guidance: Our team of financial advisors is experienced in RDSPs and can provide expert guidance on optimizing your plan.

  2. Comprehensive Planning: We go beyond the basics, offering comprehensive financial planning to integrate RDSPs into your overall financial strategy.

  3. Personalized Solutions: WMP Wealth Management Protection tailors RDSP solutions to meet the unique needs and goals of each individual and their family.

  4. Advocacy Support: We assist in navigating government programs, ensuring you maximize available grants and benefits.

How to Get Started

  1. Consultation:

    • Schedule a consultation with our financial experts to discuss your situation, goals, and eligibility for RDSP benefits.

  2. RDSP Setup:

    • Our advisors will guide you through the RDSP setup process, ensuring all necessary documentation is completed.

  3. Investment Planning:

    • Work with our team to develop an investment plan within the RDSP framework, maximizing returns while managing risk.

Frequently Asked Questions

Q: Who is eligible for an RDSP?

A: Individuals who are eligible for the Disability Tax Credit (DTC) are generally eligible for an RDSP.

Q: How do government grants work with RDSPs?

A: The government provides grants based on contributions made to the RDSP. This includes the CDSG and the CDSB.

Q: Can funds be withdrawn from the RDSP at any time?

A: While there are restrictions, funds can be withdrawn through LDAP for various purposes, including living expenses.

Contact Us

Secure a brighter financial future with WMP Wealth Management Protection. Contact us today to explore RDSP options and tailor a plan to your unique needs.