News Releases
TORONTO, February 20, 2009
WHAT: The Registered Disability Savings Plan is a new federal government initiative introduced to enhance the long-term financial security of people with disabilities.
WHY: An estimated 4.4 million Canadians—one out of every seven in the population—reported having a disability in 2006 according to Statistics Canada. Canada is the first country in the world to offer a registered savings product for people with disabilities. The contribution deadline is fast approaching – March 2, 2009.
WHO: David Sharone, BMO Financial Group is available to help shed light on RDSPs and how they can help people with disabilities and their families. He can discuss and help answer:
- What is an RDSP and how does it work?
- Who qualifies for an RDSP?
- As a parent with a child with disabilities, how can I help enhance their long-term financial security?
- How do I set up an RDSP?
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