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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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Canada Post Workers Issue 72-Hour Strike Notice

 

The Canadian Union of Postal Workers (CUPW) has issued a 72-hour strike notice to Canada Post, putting the postal service on alert for potential disruptions starting Friday, November 15th. This notice affects both urban and rural mail carriers, as negotiations for a new contract have yet to yield an agreement.

The union’s decision comes after nearly a year of bargaining, with key issues such as wage increases, pensions, and medical leave remaining unresolved. Despite Canada Post’s offer of an 11.5% wage increase over four years, the union has rejected the proposal, citing insufficient progress on other critical matters.

CUPW President Jan Simpson emphasized that while the union is prepared to strike, the decision will depend on Canada Post’s actions in the coming days. The potential strike could significantly impact mail and parcel delivery, especially during the busy holiday season.

Canada Post has expressed concerns about the financial implications of a strike, noting that ongoing labor disputes could further strain its already challenging financial situation. The company reported significant losses in recent years, attributed to increased competition and higher delivery costs.

As the deadline approaches, both parties remain hopeful for a resolution that will prevent a disruption in services and ensure fair working conditions for postal workers across Canada.


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