Registered Disability Savings Plan

Year
2015
Number
B110
Sponsor(s)
Kamloops

Whereas the Federal Registered Disability Savings Plan RDSP requires Persons With Disabilities PWD to be eligible for the Federal Disability Tax Credit DTC in order to open a RDSP; And whereas the Province of BC has a rigorous application and review process to grant individuals the PWD designation; And whereas the DTC application process is extremely difficult and expensive for PWD requiring significant paperwork and often multiple physician appointments: Therefore be it resolved that the federal and provincial governments work together to simplify the Disability Tax Credit application process or allow individuals with the Persons With Disabilities designation to apply directly for a Registered Disability Savings Plan.

Provincial Response

Ministry of Finance The British Columbia Government fully supports the federal Registered Disability Savings Plan as an important tool in assisting disabled individuals in planning for their long-term financial needs. The Province will continue to support the federal government in any efforts to make RDSPs more accessible to those most in need.

Convention Decision
Endorsed