Rethinking Disability
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Support Materials
Disabilities affect families physically, emotionally and financially. Dealing with these pressures can put added stress on the financial well-being of individuals, their families, and caregivers.
With the incidence on the rise as our population ages, disability should be a concern and a shared responsibility for all. Explore the resources available here to inform discussions about improving the financial well-being of clients living with disabilities, or providing care for those with disabilities.
Top challenges to financial well-being
- Lack of tax relief: Educate your clients about government grants and tax credits
- Lack of financial support: Develop a financial plan, decision making directives, insurance alternatives for clients
- Lack of accessible information: Use resources to educate and shape important discussions with clients
Communicate Your Value
- Seize opportunities: Providing advice and support to a disabled person or caregiver to help them deal with financial pressures resulting from a disability enhances your value as a trusted advisor
- Assist your clients in preparing an effective action plan: Help clients understand and maximize social benefits and tax credits. Utilize financial tools to improve financial well-being. Develop and implement a customized financial plan.
Get in the know
Disability is defined as visible or non-visible health or aging issues that interfere with daily activities:
- Help clients with disabilities secure their financial futures and benefit from government benefits and tax credits.
- Help clients who are caregivers learn about available services, and how to plan for succession of care.
- Registered Disability Savings Plans (RDSPs): Tax-deferred savings plans designed to improve the financial security of anyone eligible for the disability tax credit (DTC).
- Government contributions of up to $4,500 are available annually to match beneficiary and family contributions.
Support Materials
Client Communications
Essential Reading
Key Resources
Insurance
Caregiving
Trusts
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