RDSP Explained (Canada): How $400/Month Could Grow to $1,000,000+ скачать в хорошем качестве

RDSP Explained (Canada): How $400/Month Could Grow to $1,000,000+

00:00 Intro 01:00 New client info 01:38 What is the Disability Tax Credit (DTC)? 02:18 Who is eligible for the DTC? 03:20 Required tax form for DTC: T2201 04:35 What makes RDSP special 05:25 Canada disability savings grant (CDSG) 06:05 Income thresholds (income matching rates) 06:45 Canada disability savings bond (CDSB) 07:40 Carry forward of unused grant and bond 08:42 RDSP comprehensive walkthrough start - Jenn Tze 11:26 Qualified Investments - RRSPs, RESPs, RRIFs, RDSPs, FHSAs, and TFSAs (ie: GICs, Mutual Funds, ETFs) 14:15 Lifetime contribution maximums 15:30 RDSP with 7% average annual rate of return 16:20 Withdrawals from RDSP 17:32 ~$600/mo. at 10% 18:09 Line chart demonstration 20:03 2024-12-31 true-up entry for investment In this video, we walk through how investing $400 per month into an Registered Disability Savings Plan (RDSP) could potentially grow to $1,000,000 (or more!) over time. Using real numbers and dynamic scenarios, we explore: • How the RDSP works • Disability Tax Credit (DTC) eligibility • Government grants and bonds • Different rates of return • What happens if you contribute more or less This is part of our full-year practical accounting and personal finance series following Jenn’s real-life financial journey. New videos posted ~weekly