Public Consultation on the Registered Disability Savings Plan

The federal government has launched a public consultation process on the long term savings program which allows persons with disabilities to put money aside for later and receive grants and bonds from the government.

I encourage constituents to take this opporunity to share their comments, suggestions, and concerns on the Registered Disability Savings Plan.

I share the concerns that many Canadians have with this plan. Constituents have called and emailed to talk to me about:

-          the lack of available information on the plan;

-          the lack of flexibility with regards to who can manage the beneficiary’s plan;

-          the eligibility issues faced by persons with episodic disabilities;

-          the need to wait 10 years before accessing the funds;

-          the lack of flexibility with regards to emergency withdrawals.

Speak up and help me help your voices be heard in Ottawa by sending your comments by email to RDSP-REEI@fin.gc.ca.

You can also send your comments to the Department of Finance:

RDSP Review
Tax Policy Branch
Department of Finance
L’Esplanade Laurier
16th Floor, East Tower
140 O’Connor Street
Ottawa, Canada K1A 0G5
Facsimile: 613-943-5597

The deadline is December 16th, 2011. For more information, visit the Finance Department’s website at http://www.fin.gc.ca/activty/consult/rdsp-reei-eng.asp