I cash it all rsps while waiting for approval of CPP disability

Disability Insurance
1

Can I cash in rsp1 waiting for CPP disability at age 58

2

Hi Wayne, yes you can. RRSP, TFSA and other investment income doesn’t affect your CPPD.

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3

It will be taxable, and if you get retro-active CPPD, that will be taxable also, so be aware.

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4

Apply for the DTC (disability tax credit).

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