CE CREDITS:

• CFP^® and QAFP^® certificants: 4.0 CE credits in the Financial Planning category
• MFDA/CIRO: 4.0 PD credits
• Life agents: (provincial requirements) 4.0 life credits in ON, SK (subject to 5 hr limit on non-insurance subjects in SK), 4.0 life and A&S credits in AB
• CLUs: Not Institute accredited, but will likely qualify for 4 Institute-approved Professional Development credits. See What's the difference?
• CPAs: 4.0 verifiable CPD hours

FORMAT: Written course notes in PDF format (read them online or print them). You must complete an online Course Quiz to obtain CE credits.

 

COURSE DESCRIPTION: RDSPs are arguably the most generous of all government registered savings programs. To date, private contributions to RDSPs since they first became available in 2008 have amounted to $2.6 billion; in comparison, the government has contributed $4.0 billion in matching grants (CDSGs), and $1.7 billion in bonds (CDSBs) that did not require any private contributions at all!

 

After completing this course, you should be able to:

• explain what an RDSP is
• help a client determine if they or a family member are eligible to be the beneficiary of one of these plans, including recent changes related to eligibility for the disability tax credit (DTC)
• help a client open an RDSP at an issuing institution
• understand the contribution rules and explain how the government incentives
• work
• help a client maximize the benefits their RDSP can receive under these incentive
• programs
• understand the types of payments that can be made from an RDSP
• calculate the minimum and maximum payments, and
• explain how these payments are taxed

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