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Answered in 15 minutes by:
10/22/2009
VerifiedRegistered Disability Savings Plans (RDSP) are fully exempt as income and assets.
All funds held in RDSPs are exempt as assets when assessing eligibility for ODSP income support. There is no maximum applied to this exemption.
The following is exempt as income when assessing eligibility for ODSP income support:
· contributions made to RDSPs by family members and other third parties;
· Canada Disability Savings Grants;
· Canada Disability Savings Bonds;
· income earned and re-invested in RDSPs; and
· all withdrawals from an RDSP for any purpose.
It's always advisable to contact your local Ontario Disability Support Program office.
Here is a link to a the government webpage that helps you find the nearest office to you:
http://www.accesson.ca/mcss/owapp/Locator/index.aspx?lang=en
I hope that answers your question.
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