Hi all,
Long time lurker, first time poster with a pretty specific question about a little used Canadian investment vehicle: the Registered Disability Savings Plan (RDSP).
A little background: My wife is a type 1 diabetic and is entitled to the Disability Tax Credit which, we recently learned, entitles her to open a RDSP. An RDSP is like an RESP - contributions are taxed but the money in the account is tax sheltered. There is some government matching as well as specific rules about withdrawals but what I'm really interested in is where should I open an RDSP account?
My wife and I have our regular investments (RRSP, TFSA, RESP for our kid and margin) in Questrade. The problem is that Questrade doesn't offer RDSP accounts. We have an upcoming appointment with TD Bank where I understand it is possible to open an RDSP in a self-directed investing account. However, it does not appear to offer commission-free ETF purchases like Questrade. iTrades also doesn't appear to offer RDSP accounts.
Anyway, I'm curious if anyone has experience with RDSPs. If so, where did you open an account and do you have any pointers?
Thanks very much.