From Disability Alliance BC:
Please see below and attached information from Disability Alliance BC (formerly BCCPD) about the help we provide with the Registered Disability Savings Plan (RDSP) and the Disability Tax Credit (DTC)
Registered Disability Savings Plan (RDSP)
and Disability Tax Credit (DTC)
October 2014 is RDSP month and we thought it would be a good time to remind you that we help people to apply for the Registered Disability Savings Plan (RDSP) and Disability Tax Credit (DTC). This assistance can include going with someone to their bank to help them with the RDSP. We also provide workshops on the RDSP and DTC for community organizations and people with disabilities.
The RDSP is a great savings opportunity, even for people living on very low incomes. Here are some of the reasons why:
+ A person opens an RDSP when they’re 30 years old and deposits their $250 GST cheque each year, by the time they’re 60 their RDSP could be worth as much as $100,000.
+ People can open an RDSP with no deposit and individuals living on low income are entitled to receive a $1,000 bond from the Federal government every year for up to 20 years.
+ People who deposit $500 a year are entitled to a $1,500 grant every year for up to 20 years.
+ People receiving income assistance who open an RDSP can access $150 through the Endowment 150 program from the Vancouver Foundation.
+ People receiving disability benefits can put money in or take money out of an RDSP without it impacting their monthly cheque.
For more information, please contact Lillian at 604-872-1278 or 1-800-663-1278.
Thank you Vancity and PLAN for their support of our RDSP work
Here’s a link to another document with more information: RDSP Help October 2014