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Posts by Samuel Li

link to Who can be the Qualifying Family Member of an RDSP? (2023 Update)

Who can be the Qualifying Family Member of an RDSP? (2023 Update)

Ever since the announcement of the recent Federal Budget, I've been keeping a close eye on the latest news to ensure that more families are fully informed about its potential impact. If you recall,...

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link to Do you need to report tax on your RDSP?

Do you need to report tax on your RDSP?

I regularly receive inquiries from families with disabilities about whether they need to report tax on their Registered Disability Savings Plan (RDSP), especially during tax season. Given the...

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link to Tax-Free First Home Savings Account (FHSA)

Tax-Free First Home Savings Account (FHSA)

I had conversations with many families throughout the years and many of them would like to own a home. If you're saving to purchase your first home, the upcoming launch of the First Home Savings...

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link to How do you maximize the RDSP?

How do you maximize the RDSP?

The Registered Disability Savings Plan (RDSP) is a saving tool that helps people with disabilities secure their long-term financial futures. Depending on the individual's circumstances, the...

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link to Why didn’t I receive matching grants in my RDSP?

Why didn’t I receive matching grants in my RDSP?

One of the key features of the Registered Disability Savings Plan (RDSP) is the Canada Disability Savings Grants (CDSG). This is a matching grant that truly enhances the account...

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link to An Effective Strategy to Pass Your RRSP to a Disabled Child

An Effective Strategy to Pass Your RRSP to a Disabled Child

I work with many parents with disabled children. One of the questions that often comes up is how the parents can transfer their assets to the disabled child when they pass away.  Many of...

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About the Author

Samuel Li is the creator of AccessibleWallet.com. Through his professional practice, he has the chance to assist Canadians with disabilities in planning their finance. He created this platform so more families can become aware of the different type of disability benefits available and things they can do to improve their financial well-being. In his spare time, he likes watching TV with his wife and playing UNO with his two daughters.

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