DABC Community Update
Registered Disability Savings Plan (RDSP)
10 Year Anniversary
The following is taken from a Reminder Notice in the Annual Statement of Grant Entitlement for 2018 that RDSP holders will receive. We are sharing this with you to help ensure that people with RDSPs are clear about the rules on taking money out of their Plans.
As 2019 is approaching some people will have had an RDSP for 10 years and may be thinking about taking money out of their Savings Plan.
It’s important to remember that the money the government deposits into an RDSP must remain in it for at least 10 years after the last government contribution was made to the Plan. If money is withdrawn before this time, all or part of the government contribution will have to be repaid to the government.
What this means is that if a person takes money out of their RDSP within 10 years of receiving the last government contribution they will be subject to one of the following repayment rules:
1. Return $3 of government contributions for every $1 that is withdrawn from the RDSP, or
2. Return all of the government contributions received in the last 10 years; whichever of these two amounts is less.
Resource to Help Locate Walk-in Clinics in BC
Medimap is a Vancouver-based company that is using technology and partnering with health care providers to make clinic wait times easily accessible for patients. Their mission is to improve access to care for Canadians and contribute towards an overall better patient experience. The website allows you to search for wait times at nearby walk-in clinics to get faster access to care. You simply enter your city or address. Participating clinics will be listed in order of wait times. The website also advises people to contact their family doctor as the first course of action before visiting a walk-in clinic, as a family doctor is the most familiar with a person's medical history. They also caution people that the listed wait times are only estimates and can change rapidly. Walk-in clinics should not be used for medical emergencies. In these cases, a person should call 9-1-1.
Medimap link: http://medimap.ca/