Learning Partner

Registered Disability Savings Plans (2024 Edition)

CE CREDITS:

  • CFP® and QAFP® certificants: 4.0 CE credits in the Financial Planning category
  • MFDA: 4.0 PD credits
  • Life agents: (provincial requirements) 4.0 life credits in ON, SK (subject to 5 hr limit on non-insurance subjects in SK), 4.0 life and A&S credits in AB
  • CLUs: Not Institute accredited, but will likely qualify for 4 Institute-approved Professional Development credits. See What's the difference?
  • CPAs: 4.0 verifiable CPD hours
FORMAT: Written course notes in PDF format (read them online or print them). You must complete an online Course Quiz to obtain CE credits.
 
COURSE DESCRIPTION: RDSPs are arguably the most generous of all government registered savings programs. To date, private contributions to RDSPs since they first became available in 2008 have amounted to $2.6 billion; in comparison, the government has contributed $4.0 billion in matching grants (CDSGs), and $1.7 billion in bonds (CDSBs) that did not require any private contributions at all!

Despite these significant government incentives, RDSPs are still only being used by 36% of eligible plan holders. If you have clients who are eligible for the disability tax credit (DTC), or who have family members who are DTC eligible, and under the age of 50, you need to learn all you can about this generous program.

 

After completing this course, you should be able to:
  • explain what an RDSP is
  • help a client determine if they or a family member are eligible to be the beneficiary of one of these plans, including recent changes related to eligibility for the disability tax credit (DTC)
  • help a client open an RDSP at an issuing institution
  • understand the contribution rules and explain how the government incentives
  • work
  • help a client maximize the benefits their RDSP can receive under these incentive
  • programs
  • understand the types of payments that can be made from an RDSP
  • calculate the minimum and maximum payments, and
  • explain how these payments are taxed

PUBLISHED: July 2024

NOTE: You have 6 months from the date of purchase to complete this course.

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