To help persons with intellectual disabilities plan for their futures, Inclusion Canada Newfoundland and Labrador has been working diligently to access and distribute information and resources that will help people ensure future financial security. Please check the below link:
Registered Disability Savings Plan (RDSP)
Registered Disability Savings Plan: A registered disability savings plan (RDSP) is a savings plan to help parents and others save for the long-term financial security of a person who is eligible for the disability tax credit. For more information on RDSP’s, please visit the following link:
NFDL Financial Planning Services - Part One - RDSP
Free RDSP Calculator for Canadians
The calculator will help Canadian families project the estimated future value of an RDSP, and will help determine how it can enhance the quality of life for a family member with a disability. By answering a few simple questions, the calculator will determine the amount of grant and bond a person is eligible for, and the approximate value of future payments.
Creating a Will
Are you planning on leaving money or things for someone with a disability? Click here to learn more about the importance of setting up a will and how to prepare before going to see a lawyer.