How to help keep ODSP calculations
separate from RDSP assets

(Lifetime Networks Ottawa)

The Registered Disability Savings Plan (RDSP) announced in the March 2007 Budget by the Federal Government, would provide up to $90,000 - in the form of grants and bonds - to qualifying members of the disabled community.

There are an estimated 50,000 individuals in Ontario who would qualify. However, under the current Ontario Disabilities Support Program (ODSP) rules the RDSP assets will be taken into consideration when determining eligibility for ODSP payments. This means that the poorest - those now receiving ODSP – would not be able to enjoy the benefits of the RDSP.

Now, all that could change if Ontario families who include a member with disabilities and those who care about social justice joined forces to support Bill 94.

Bill 94 was introduced on June 12 by Ms. Sylvia Jones, Dufferin –Caledon MPP in the Ontario Legislature. It would amend the Ontario Disability Support Program Act (ODSP Act) and the Ontario Works Act to exclude funds held in registered disability savings plans (RDSP) from the determination of assets.

Bill 94 would also amend the acts to exclude funds withdrawn from a registered disability savings plan from the determination of income.

A private member’s bill rarely becomes law unless there is strong public support for it. Your participation is needed!

Here's how to help:

    Contact your local MPP
  • Call, write or send an e-mail

  • Question his/her stand on this issue

  • Urge him/her to support Bill 94

For further information about the RDSP, the status of Bill 94, or contact your MPP, visit our website dedicated exclusively to the RDSP: RDSP Advisor

Comments for How to help keep ODSP calculations
separate from RDSP assets

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 26, 2013
Updates on treatment of RDSP assets
by: Anonymous

Thank you for the article. I just want to provide an update that assets within the RDSP are exempted when calcuating the ODSP benefits.

The following is quoted from "Ontario Minstry of Community and Social Services"

"All funds held in RDSPs are exempt as assets when assessing eligibility for ODSP income support. There is no maximum applied to this exemption."

This is especially helpful when the disabled person is receiving inheritance, and do not wish to impact the ODSP benefits:

Below is the post where I blog about this topic:

Hope this would be helpful to all!

Samuel Li

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Canadian Disability News.

You may also be interested in....

Based on the submissions and comments on this topic, there are a number of products that may be of help to you.  At no cost to you, I've set up an auto-generated product finder from our affiliate partners to showcase special needs products that are likely be of help to you.

Just click on any product that you'd like to know more about, and you'll be taken to the merchant for that product.  The product information will open in a new tab in your browser, so don't worry, we'll be right here waiting for you when you're done... :-)

Hope this helps!

Sign up for our FREE Newsletter

Get Tax Tips for Canadians with Disabilities, FREE when you sign up for our newsletter.
Sign up now to get updates and special offers!

You may also be interested in:

If I find good products that I think offer value and would be of interest to my site visitors, I occasionally will provide my visitors with an affiliate link.  
Some (but not all) of the links on this site are to my affiliate referrals. Some of these links, esp from Amazon or Google are auto-generated, based on site content and visitor preferences. At no cost to you, an affiliate may pay me a small referral fee, which goes towards the cost and maintenance of this site.  
Any recommendation or referral I offer my visitors is independent of the existence of a possible affiliate fee, and my primary goal is to provide my visitors with useful information. 
If you have any questions about this, please contact me.

Comments are moderated - by a human who also lives offline.  
Please allow up to 48 hours before comments are displayed.

FREE Tax Tips
when you sign up for our FREE newsletter. Sign up now to get updates and
special offers!

Featured Products

Back Zip Jumpsuits / Pajamas 

Back Zipper Pajamas for Children - Polar Fleece

See more
adult onesies
for men and women

Free Shipping on Toy orders $25 or over!!

Teaching Students with Special Needs in Inclusive Settings, Fifth Canadian Edition

Skylanders Superchargers Light It Up Blue Autism Speaks Special Edition