Clients have until
The RDSP is a tax-deferred registered savings plan open to Canadian residents eligible for the Disability Tax Credit, their parents and other eligible contributors. Up to
"Not only are RDSPs a tax-efficient investment solution for Canadians with disabilities and their families, the plan can also help provide invaluable peace of mind," says
A main feature of the RDSP is the availability of government funds deposited directly into the plan in the form of matching CDSGs and, potentially, CDSBs for RDSP beneficiaries age 49 and under. The government will contribute up to a maximum of
"In addition to all the other advantages RDSPs offer, they can also protect beneficiaries from losing valuable disability benefits in most provinces," adds Golombek. "I would urge those eligible who have not already opened an RDSP to contact their financial advisor immediately to discuss making the most of this important opportunity before the end of the year."
CIBC's RDSP product line-up includes a broad selection of CIBC Mutual Funds, including savings, income and growth funds, and the CIBC family of managed portfolios. More information on the CIBC Registered Disability Savings Plan and a full report by
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