RSDP
Feb 23, 2020 ·
8m 50s
The RDSP is a savings plan to basically save for the financial future. For somebody who has a qualified disability, it's a plan the government throws a pile of free...
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The RDSP is a savings plan to basically save for the financial future. For somebody who has a qualified disability, it's a plan the government throws a pile of free money towards. So comparable to the RRSP and the RESP, because we love acronyms, we're going to throw all those out. But basically, the contributions that you make towards this plan are not tax deductible. For example, you put $1,000 in, you don't get a tax receipt, unlike the RRSP’s case. It's a bit like the RESP in that way.
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| Author | Rob Tetrault |
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