Canada’s Disability Savings Fund Called a ‘Fiasco’

For years, Frank Allen — founder and CEO of the Cerebral Palsy Support Foundation of Canada — heard horror stories about the frustrations of setting up a registered savings plan specially designed for those with severe disabilities.

But it wasn’t until the financial planner and owner of three companies tried to set up an account for his eight-year-old grandson, Evan Pennington, that he came to understand what a “fiasco” the registered disability savings plan (RDSP) was, he says.