Death of an RDSP Beneficiary

KNOWLEDGE EXPECTED OF: Both CFP^® Professionals and QAFP^TM Professionals

Explain the implications of the death of a beneficiary of a Registered Disability Savings Plan.
- On the contributions made to the plan
- On Canada Disability Savings Grants contributed to the plan
- On Canada Disability Savings Bonds contributed to the plan
- On investment earnings within the plan
- On remaining income
- On plan’s status
Explain the tax impact resulting from of the death of a Registered Disability Savings Plan beneficiary.

Glossary of Verbs (mouse over to see definition)

Define

To state exactly the meaning of

Identify

To be aware of / to recognize and correctly name / to locate an appropriate resource

Explain

To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it

Compare

To note the similarities and differences between two or more things

Estimate

To determine an approximate value for

Calculate

To find the value using mathematics

Convert

To change from one form or purpose to another

Evaluate

To reach a conclusion or make a judgement through careful study

Interpret

To give the meaning of / to construe or understand / to translate orally

Read more about the Taxonomy used in the FP-BoK