Posted on June 2, 2022 by Albert Ruel
Ministry of Social Development and Poverty Reduction.
For Immediate Release
May 30, 2022
VICTORIA – Hundreds of thousands of people living with disabilities will be supported with continued access to the Registered Disability Savings Plan (RDSP).
“We should all feel confident in planning for our future,” said Nicholas Simons, Minister of Social Development and Poverty Reduction. “This investment supports organizations that work tirelessly in outreach and education, making sure people with disabilities have the tools and resources they need to make sound financial decisions.”
With $1.35 million in provincial funding over three years, the Access RDSP partnership between the BC Aboriginal Network on Disability Society (BCANDS), Disability Alliance BC (DABC) and Plan Institute, can provide eligible people with disabilities with the information and support they need to access the RDSP. The Vancouver Foundation will administer the funding.
For six years, the Access RDSP initiative has worked to address barriers to participation in the RDSP and Disability Tax Credit (DTC) by offering one-to-one support and workshops in communities throughout B.C. It has reached more than 6,000 families and is raising awareness of available resources. Free online tools, such as the RDSP calculator, the DTC eligibility tool and the RDSP helpline, help people with disabilities benefit from federal and provincial disability-related programs.
Government is committed to improving the lives of people living with disabilities throughout B.C. and supporting those organizations that are helping to build a more inclusive and accessible future for everyone.
“Building a barrier-free B.C. means integrating accessibility into every aspect of our lives – and that includes financial literacy. We know that people with disabilities have been disproportionately affected by the past two years, which means it’s more important than ever to have accessible and easy-to-use resources to make financial decisions.”
“Assisting individuals and families in accessing the Registered Disability Saving Plan has been a highlight for our organization. With the support of the Ministry of Social Development and Poverty Reduction, the RDSP Action Group, and our RDSP program partners, we have seen firsthand the positive impact on individuals with disabilities and their families as they begin the journey to greater financial security through opening an RDSP.”
“Plan Institute is excited to continue the important work of reducing disability poverty through access to the RDSP. The support of the Ministry of Social Development and Poverty Reduction allows us to effectively collaborate within our communities, and to provide meaningful support in reducing the barriers that are experienced by far too many British Columbians.”
“The Access RDSP program supports people with disabilities in applying for and receiving disability-related benefits, including the Disability Tax Credit and getting set up with an RSDP. By assisting people in these application processes, it improved access for people with disabilities in receiving benefits that they are entitled to, resulting in greater financial securityand planning for the future.”
“I am ever so grateful for the professional help I received by DABC. We sorted out my disability tax credit, of which I was physically unable to do on my own. This service is invaluable. The benefits available are hard to access without the knowledge and dedication of the advocates in the RDSP program, as the process is precise and complex, which means those with disabilities may not have the stamina to make their way through the applications.”
The online RDSP calculator can be found here: https://www.rdsp.com/calculator/
The online Disability Tax Credit tool can be found here: https://disabilityalliancebc.org/dtc-app/
Information about BCANDS Indigenous Registered Disability Savings Plan Navigation Services is available on their website:
DABC’s website has more information about Access RDSP: https://disabilityalliancebc.org/access-rdsp/
Learn more about the Plan Institute’s Access RDSP services: https://planinstitute.ca/resources/access-rdsp/
Accessibility in B.C.: gov.bc.ca/accessibility
See a short video promoting Accessibility Week: https://youtu.be/A4AXJ4ZE7yg
Ministry of Social Development and Poverty Reduction
Media Relations 778-974-5809
Connect with the Province of B.C. at:news.gov.bc.ca/connect
Category: NewsTags: AccessAbility Week, Economy, Financial Freedom, Government of Canada, Ministry of Social Development and Poverty Reduction, Persons With Disabilities, Province of BC, Registered Disability Savings Plan (RDSP)