Change to Rules on Registered Disability Savings Plan (RDSP) Withdrawals Effective January 30, 2013
BCCPD Community Update
Dear Community Partner,
The Ministry of Social Development (MSD) has made changes to the rules governing withdrawals from the Registered Disability Savings Plan (RDSP). As a result, RDSP holders have more choices about what they can use withdrawals from their Plan for without impacting their eligibility for provincial disability benefits (PWD or PPMB).
According to the new policy, RDSP holders can use withdrawals in various ways without jeopardizing their benefits. If an individual chooses to save money to buy a large item that exceeds their asset limit (a single person on PWD is allowed to have up to $5,000 in assets), they will no longer risk losing their benefits as long as they clearly document that the funds originated directly from their RDSP.
For example, Bob starts making regular withdrawals from his RDSP. He wants to save enough money to buy a $10,000 boat. Under the old rules, having more than $5,000 in the bank or owning a non-exempt asset worth more than $5,000 would mean that he could no longer receive his PWD income (under normal circumstances a boat would not be an exempt asset). The new policy allows Bob to save money and own a boat without risking his PWD.
For More Information
The MSD’s policy on assets and exemptions for the RDSP is at:
Or contact us about this change or for general information on the RDSP at 604-872-1278 or toll free 1-800-663-1278
Join Us At Our 35th Anniversary!
April 4, 2013 5:30-9 pm
Holiday Inn, 711 West Broadway, Vancouver
For full details and to purchase tickets, please click the button below: “Click here for information and tickets”!
BCCPD is throwing a community celebration and fundraiser on April 4th, 2013 to mark our 35th year of serving the disability community.
We’re very excited to have Global TV’s Mark Madryga as our host for the evening of celebration and music. You’ll also be wowed by world-renowned guitarist, Don Alder and entertainer/comic David C. Jones. All this, plus a salsa dancing performance!
Plus, you will have the opportunity to bid on wonderful items in our Silent Auction, including:
- original art by PJ Artman
- Bard on the Beach tickets
- jewellery by Pandora
- spa packages, and more!
Door prizes, appetizer buffet and cash bar. Support BCCPD, share a story and a toast with us, and enjoy a very special evening.
A huge thank you to Global TV and our Event Gold Sponsor the Vancouver Taxi Association.
Thanks also to our Bronze Event Sponsor the Trial Lawyers Association of BC.
More About Our Special Guests
Mark Madryga has been a Meteorologist in Vancouver for 26 years. Since 1994, Mark has been delivering weather reports on radio and television throughout British Columbia. He can be seen and heard prognosticating weekdays on the Global Morning News and on CKNW AM 980 radio. He is a proud supporter of many charities throughout British Columbia, including Peace Arch Hospital, Juvenile Diabetes Research Foundation, the Alzheimer Society of BC and the BC SPCA. Mark was born and raised in Kamloops and resides in Surrey. Mark has two children, Matthew age 16 and Tessa age 13.
Don Alder plays acoustic fingerstyle guitar with a passion that has quickly earned him a reputation as Vancouver’s “best kept little secret”. Don is a world-class fingerstyle guitarist with a “wow factor” that will get your toes tapping. www.donalder.com
David C. Jones is often seen on TV and stage improvising and works around the world as a host/emcee is various comedic personas. An actor in Vancouver, he has performed on most of the stages here in everything from Shakespeare to Stoppard to Coward to Dickens. He also starred in the musical Little Me! as all the men and recently as The Prosecutor in Romance by David Mamet. He is also a highly regarded special event producer having been entertainment manager for the 2010 Winter Olympic and Paralympics Games. He has also written and directed a variety of short films that have played around the world. www.davidcjones.ca.
New Democrats will extend to all Woodlands survivors opportunity for compensation
BCCPD attended a press conference today at which the following was announced:
New Westminster – If elected to government this May, New Democrats will extend to all Woodlands School survivors the opportunity to apply for redress within the first seven days of their term, said leader Adrian Dix today.
Dix was joined by Woodlands survivors, their families, friends, and advocates on grounds of the former school.
“If elected, an NDP government will lift the August 1, 1974 cut off date that excludes hundreds of Woodlands survivors from being able to apply for damages. Ending this discriminatory action is going to be one of the first acts my cabinet will complete within its first seven days of office.
“Providing some of the most marginalized British Columbians a sense of closure and justice for the systemic abuse they suffered is a priority not just for me, but for the people of our province. Despite repeated opportunities to do the right thing, the moral thing, the Liberal cabinet has systematically resisted treating Woodlands survivors with fairness and compassion,” said Dix.
Two separate reports by the Ombudsperson and the Public Guardian and Trustee delivered to the Liberals at the start of their time in government confirm there was systemic abuse – sexual, psychological and physical – at Woodlands. Yet the government’s response over the past decade has consistently involved fighting former students in the courts.
“First they tried to deny them the right to apply for compensation as a class by arguing that there was not an institutional problem at Woodlands, just a ‘few bad apples’. And then instead of entering a settlement agreement when the former students won the right to compensation, they pursued a separate challenge to reduce the class by creating a cut-off date,” explained Dix.
After the former students – those who were at Woodlands before and after 1974 – won the right to pursue a class action against the government for systemic abuse in 2005, the Liberal government pursued a different legal strategy. It resulted in survivors who were at Woodlands prior to August 1, 1974 becoming ineligible for compensation in 2008.
At the legislature in October 2011, the Liberals again refused to lift the cut-off date to give all existing survivors equal treatment.
Other survivors of systemic abuse that took place in government institutions before August 1, 1974 have received compensation, such as former students of the Jericho School. Also, pre- and post-1974 Woodlands survivors could be compensated from the existing settlement funding envelope, because so many former students of Woodlands have passed away during the time the government was challenging their access to compensation.