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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 Today: Tech-Heavy Nasdaq Composite Slides as Nvidia (NVDA) Falls Almost 4%

 Nvidia

In today’s volatile stock market, tech stocks took center stage as the Nasdaq Composite (^IXIC) led the losses, falling over 1%. Among the tech giants, Nvidia (NVDA) experienced a notable decline, dropping almost 4%. Here’s a closer look at the market action and the factors driving the slide.

Interest Rate Worries and Corporate Earnings

US stocks struggled to mount a comeback on Wednesday, with all three major indexes starting the day in the green but ultimately ending lower. The S&P 500 (^GSPC) closed down about 0.6%, while the Dow Jones Industrial Average (^DJI) lost a more modest 0.1%. The tech-heavy Nasdaq Composite bore the brunt of the decline, driven by Big Tech companies.

Nvidia’s Slide

Nvidia, a leading graphics chip maker, saw its shares tumble 4.4% on Tuesday, marking its steepest decline since October. The company’s stock has been volatile recently, reflecting broader concerns about inflation, interest rates, and geopolitical tensions. Despite its consistently improving fundamental outlook, Nvidia faced headwinds in the current market environment.

Tech Sector Performance

The tech sector (XLK) was the worst-performing sector in the S&P 500, falling nearly 1.5%. Investors remain cautious due to heightened tensions in the Middle East and uncertainty surrounding the timing and depth of rate cuts. Federal Reserve Chair Jerome Powell’s downbeat comments on inflation prompted some to recalibrate their bets on a rate cut, potentially pushing it from September to December.

Earnings Season and Market Outlook

Investors are closely watching earnings season for signs of strength and growth. Robust results from big banks signaled a return to Wall Street’s strength, but individual company performance remains critical. United Airlines (UAL) shares rose more than 17% after posting a revenue beat, while ASML (ASML), the largest supplier of equipment to chipmakers worldwide, fell more than 7% in New York after missing order estimates.

S&P 500’s Four-Day Losing Streak

The S&P 500 closed lower for a fourth-straight day, marking its first four-day losing streak since late December into the start of 2024. The market action has been whipsawed, reflecting the “bumpier path” ahead that some Wall Street strategists anticipate. In each of the last four sessions, the S&P 500 has closed at least 0.5% lower than its session-high, reminiscent of the October 2023 bottom.

Trending Tickers

On Wednesday, Arm Holdings (ARM) led the Yahoo Finance trending tickers page as shares fell nearly 10% amid a broader sell-off in chip stocks. Nvidia (NVDA) also saw its shares fall more than 2% on the news. Meanwhile, United Airlines (UAL) stock rose more than 16% after reporting a narrower-than-expected loss for the first quarter.

In summary, tech stocks, including Nvidia, faced headwinds in today’s market, and investors are closely monitoring earnings season for further direction. The Nasdaq Composite’s slide highlights the sector’s sensitivity to economic and geopolitical developments. Stay tuned for more updates as the market continues to navigate these challenges.

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