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RDSP: A Complex Pathway to Long-Term Security

  The Registered Disability Savings Plan (RDSP) is often described as one of Canada’s most powerful yet underutilized financial tools. Designed to help people with disabilities and their families save for the future, the RDSP comes with unique benefits that make its administrative hurdles worthwhile. At its core, the RDSP offers two major advantages: Government Grants and Bonds : Eligible contributions can be matched by the federal government through generous grants, and low-income beneficiaries may also qualify for bonds—even without personal contributions. Tax-Deferred Growth : Investments inside the RDSP grow tax-free until funds are withdrawn, allowing savings to compound over time. The paperwork, eligibility rules, and withdrawal restrictions can feel daunting. Families often face challenges navigating the application process, understanding contribution limits, and planning around complex withdrawal rules. Yet, for those who persist, the payoff is significant: thousands...
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Severe Storm Triggers Flooding and Transit Disruptions in Toronto

 

 A powerful storm system has unleashed heavy rainfall across the Greater Toronto Area (GTA), leading to widespread flooding on roadways and affecting transit services. Environment Canada issued a rainfall warning for the city, with a risk of thunderstorms throughout Tuesday afternoon and evening. Here are the key details:

  • Rainfall Warning: Up to 110 millimeters of rain is expected to fall on Tuesday, with rates of 40 mm/h possible at certain points. The intense downpours can cause flash floods and water pooling on roads. Localized flooding in low-lying areas is also possible. Residents are advised to watch for washouts near rivers, creeks, and culverts.

  • Flood Warning: The Toronto and Region Conservation Authority (TRCA) issued a flood warning due to hazardous conditions near bodies of water. Slippery and unstable river banks pose risks, and all shorelines, rivers, and streams in the GTA should be considered dangerous. Erosion and rapidly changing water levels are expected.

  • Transit Disruptions: The Toronto Transit Commission (TTC) and GO Transit have been impacted. TTC Line 1 trains are not stopping at St. Patrick, Lawrence, and Union stations, while Line 2 trains are bypassing Pape station. GO Transit’s Kitchener line will start and end at Malton GO. Peel police also warned drivers about manhole covers lifting due to downpours.

As the city grapples with the deluge, Mayor Olivia Chow is addressing the media, emphasizing caution around water bodies and urging travelers to plan their routes carefully. Union Station’s Bay Concourse Hall has already experienced flooding, and some roads are closed due to high water levels. Toronto Pearson Airport, however, remains operational with no flight disruptions.

Stay informed, stay safe, and be prepared for further updates as the storm continues to impact the GTA. 

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