Disability savings plan part of Jim Flaherty's legacy
The impact of former finance minister Jim Flaherty’s life and work are felt in the disabled community as he was a relentless champion of the disabled.
His contributions to that community were recalled at his state funeral Wednesday.
Familiar with the worry of providing for a disabled loved one because of the circumstances of one of his sons, he created the Registered Disability Savings Plan.
The plan allows money to be set aside for a person with a disability, with the government topping up family contributions for middle and low-income Canadians.
Sellery said it’s always worth investigating a RDSP, as depending on family circumstances, it can help create a fund that will go part way to supporting a beneficiary for life.