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Two-Thirds of RDSP Money Goes Unclaimed: How Ottawa's $70,000 Disability Benefit Actually Works

  Published August 19, 2026 Of the 311,000 active Registered Disability Savings Plans opened since the program launched in 2008, Canadians have contributed $3.3 billion — and Ottawa has matched that with $5.1 billion in grants and $2.1 billion in bonds, according to figures reported by BNN Bloomberg on Wednesday. That sounds like a program working as intended. It isn't. The same report cites the latest Statistics Canada tally showing that two-thirds of the government money set aside for the RDSP goes unclaimed every year, largely because eligible Canadians don't know the plan exists. If you or someone in your family is approved for the Disability Tax Credit, this is one of the highest-value accounts the federal government offers — richer, dollar for dollar, than the RRSP, the TFSA, or the RESP. Here's how the math actually works, and what it takes to claim your share. Who qualifies Anyone approved for the Disability Tax Credit (DTC) — via CRA Form T2201, certified by a medi...
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Stock Market Update: Retailers’ Holiday Numbers Impact Wall Street

 



Wall Street experienced a modest decline today as retailers unveiled their holiday season results. Investors closely monitored these figures, seeking insights into consumer sentiment and economic health. Here are the key highlights:

  1. Retail Earnings: Several major retailers reported their latest quarterly earnings. Among them:

    • Target: The retail giant exceeded expectations with a 58% increase in fourth-quarter profits. Cost-cutting measures and efficient inventory management contributed to this impressive performance. Target’s stock surged by 8.5% before the opening bell today.
    • Costco Wholesale, Gap, and Nordstrom also disclosed their holiday numbers, providing further context on consumer spending trends.

  2. Market Sentiment: Momentum in U.S. stocks has slowed after reaching record highs. Factors influencing market sentiment include:

    • Inflation: Signs of cooling inflation have prompted speculation about potential interest rate cuts.
    • Economic Resilience: Despite recession predictions, the U.S. economy remains resilient.

  3. Upcoming Events: This week holds critical events that could sway the market:

    • Fed Chair Jerome Powell’s Testimony: On Wednesday, Powell will testify before a House committee on monetary policy. His remarks may shed light on the Fed’s next move.
    • Jobs Report: Friday’s report will reveal the state of the U.S. job market.

  4. Global Markets: European indices rebounded midday, with Germany’s DAX, France’s CAC 40, and Britain’s FTSE 100 recovering from earlier losses.

As investors await further developments, Wall Street remains cautiously optimistic. Keep an eye on earnings reports and central bank communications for clues about the market’s direction.


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