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The Registered Disability Savings Plan (RDSP) and Your Disability Settlement

The Registered Disability Savings Plan (RDSP) and Your Disability Settlemen...

By Steven Muller LL.B, J.D, LL.M. Vice-President, Share Lawyers Often questions arise at the conclusion of a long-term disability action or motor vehicle claim as to how to ensure long-term financial security. Asking the right questions from your financial advisor and accountant is very important. For some disabled persons who have concluded a settlement or are granted an award from the court, the Registered Disability Savings Plan (RDSP) is a useful way to grow their settlement and ensure financial security.The RDSP is a tax-sheltered savings tool that can be used by...