Special Needs Financial Planning Advisor

It is very important to have someone that understands Special Needs Financial Planning. There are very complex and specific rules to follow in order to ensure that someone that qualifies for the Disability Tax Credit receives everything they are entitled to. This will include tax credits, Registered Disability Savings Plan (otherwise known as RDSP) and the grants and bonds available, Ontario Disability Support Program (known as ODSP) payments and benefits, other government and private assistance and setting up accounts/Trusts with beneficial taxation.

The first thing you should do is to ensure that you have filed the Disability Tax Credit Certificate (Form T2201) with the CRA and are approved for the DTC. While I can help guide you through the form, you will require a qualified practitioner to sign off on it. Qualified practitioners are medical doctors, optometrists, audiologists, occupational therapists, physiotherapists, psychologists, and speech-language pathologists. Once you are approved for the DTC you will be able to benefit from the tax credits that are available.

After you have been approved for the DTC, we can review your personal finances and determine when to start an RDSP, ensure that ODSP will be maximized, review your Will to ensure it is tax efficient and determine whether a Henson Trust would be appropriate, review your current investments and insurance and finally come up with what order of contributions into your investments would maximize your finances.

Please contact us to receive a comprehensive financial and estate plan that is designed specifically for you and your situation.

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