Now you do not have to worry about dear people near you who are suffering from obstacles. The Government of Canada has supported them through many valuable institutions to improve financial and social conditions. The Registered Persons with Disabilities Protection Plan (RDSP) is one of the plans for victims to obtain reliable solutions over the long term. It is a good opportunity to find future financial security through highly profitable savings plan.
In the case of long-term disability, there are certain standards to use these savings schemes. Its primary and basic provision is that the applicant must be under the age of 60. You must be a Canadian resident with a Social Insurance Number (SIN). We are subject to tax credit for persons with disabilities, looking for a long-term savings plan.
The government deposits money to your RDSP through Canadian disability protection grants. For this government, we provide up to 300% subsidies according to the donation amount. The maximum amount is $ 3,500 per year, but the maximum amount for the lifetime of people with disabilities is $ 70,000. Another plan is the Canada Disability Saving Bond where the government deposits money to RDSPs of low-income and middle-income people. A qualified person can receive an annual fee of $ 1,000 from the government and receive a limit of $ 20,000 throughout his / her life.
RDSP is a long-term savings plan that traditionally benefits disabled people. We encourage savings, subsidies and bonds for at least 10 years and have no effect on product and service tax credits, Canadian tax preferential treatment, old age security, employment insurance and other federal benefits. There is no restriction on how and how funds are used for whatever purpose.
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