Community Update: NEW Registered Disability Savings Plan/Disability Tax Credit Program
Disability Alliance BC (DABC) is thrilled to announce a new province-wide program to help British Columbians with disabilities access the Registered Disability Savings Plan (RDSP). This new service has been made possible through the generous support of the Vancouver Foundation and will be provided in partnership with Plan Institute and the BC Aboriginal Network on Disability Society (BCANDS).
Through this new partnership, DABC advocates provide direct service by:
– Helping people who are eligible for the RDSP to apply for the Disability Tax Credit (DTC), a pre-requisite for the RDSP.
– Connecting individuals who have the DTC to Plan Institute or BCANDS who will help people open an RDSP.
In addition to direct assistance, DABC will travel to communities across BC to raise awareness about the program with a goal to increasing the number of people accessing the RDSP. We will provide information about the RDSP and DTC through workshops and one-on-one clinics, and will meet with community organizations, banks, and credit unions to promote the RDSP.
For more information about the DTC and RDSP or to request a workshop, please call Linda at DABC: 604-872-1278; 1-800-663-1278 or email firstname.lastname@example.org
Plan Institute’s RDSP Helpline (1-844-311-7526) is a great resource for information about the RDSP and DTC. Plan will also be administering the Endowment 150 program, formally operated by the Vancouver Foundation.
More about the RDSP
The RDSP is a long-term savings plan designed to help Canadians with disabilities at all income levels save for their futures. One reason the RDSP is so unique is because eligible individuals who open RDSPs can receive federally administered grants and bonds worth as much as $90,000 during a person’s lifetime.