RDSP
One of the nice features of the RDSP is that it is treated as an exempt asset by ODSP and any withdrawals are not considered as income in respect of ODSP eligibility. This being said, there are strict withdrawal restrictions on the RDSP funds and, as such, we consider the RDSP as only one funding source, in conjunction with others (ie Henson Trust), when we determine the funding requirements to support the disabled dependant's "Transitions Life Plan".
At Transitions Wealth Strategies, we will guide and educate you as to how best to utilize the RDSP, along with other funding sources, to most effectively financially support your disabled dependant. We will also assist you with the set-up of the RDSP and alternatives for funding it. We will also help you maximize the government grants and will guide you as to an appropriate investment strategy for the funds as they accumulate in the RDSP.