In 2008, Canada created the world’s first tax deferral account to provide incentives to people with disabilities (PWD) to build assets and wealth. The program is called the Registered Disability Savings Plan (RDSP). The success of the plan has been mixed. The structure and incentives from government have been successful. Its potential has yet to be realized due to poor distribution, narrow positioning and financial institution’s inability to harness their salesforce in-line with the business opportunity. ABLE practitioners must learn from Canadian mistakes to best serve the 53% of consumers the are directly touched by disability.
A Path for ABLE - The Canadian RDSP Experience.pdf