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Registered Disability Savings Plan Tag: family support

Credit @teegardin on Flickr.

The Registered Disability Savings Plan is a federal tax-deferred savings program. The plan helps parents of disabled dependents increase their savings for long-term financial security, but is highly under-utilized, primarily because most branch-level financial institutions don't have enough information about it.

This is very unfortunate, as the money in an RDSP can really add up if it is used to its full potential. Learn more about the details here.