Retirement Benefits-if you live in Canada
This post was reprinted with permission from the author: “I hadn’t even heard about RDSPs until I had gotten a letter in the mail. So what does RDSP stand for? RDSP = Retirement Disability Savings Plan. So essentially, it’s almost like an RRSP. Why is an RDSP special? Well, depending on your circumstances (for example, if your family income is below $91,831), if you contribute money to your RDSP, the Federal Government will match your contribution…by TRIPLE! Yes, $3 for every $1 that you contribute. This is called the Canada Disability Savings Grant.” Now, in addition to this, if you’re … Continue reading Retirement Benefits-if you live in Canada