Understanding ODSP Benefit Increases Insights from an Ontario Disability Estate Planning Lawyer

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=OGUNy0OcAXI

Ontario Disability Support Program (ODSP) benefit increases have significant implications for families. Kenneth Pope, a leading Ontario disability estate planning lawyer, breaks down these substantial changes and their impacts. Understand the qualifications for the Room and Board allowance for parents with a child with a disability living with them, as well as the shelter and rent benefits for children not living with their parents. • Check out other videos: http://bit.ly/ken_pope • For more information, contact us at 1-866-536-7673 or visit our website www.kpopelaw.com • Get an assessment with us: • https://kpopelaw.com/ken-pope-disabil... • Don’t miss out on important updates and webinar invitations. Sign up for our newsletter https://kpopelaw.com/ken-pope-henson-... • PS: We’ve launched the 'Kenneth C. Pope's LLB TEP Audio Library' Podcast to give our supporters an audio option for those who prefer to tune in and learn while on the go. • Subscribe on Apple: https://podcasts.apple.com/ca/podcast... • Subscribe on Spotify: https://open.spotify.com/show/7G0WRrS... • __ • Video Transcript: • We're often contacted by families who wonder, I have a child at home with me on ODSP. He's receiving $881 a month and I've talked to friends and their children are getting $1,151 and I don't understand why. • So we explained that it's only you - it's only the 46,000 families who have children at home with them who receive what's called the Room and Board Amount of $881. The other people - who are primarily our clients - we have had benefits increased to $1,151. The $1,151 is composed of two components: shelter plus supplementary benefits. And the shelter component is $489. • So what we do is we prepare a lease between the parents and the child. The child then contributes $500 or $550 a month towards shelter costs or rent - as the lease indicates. Now this rental amount is not income to the parent because they're not in pursuit of profit - so you don't declare this as rental income. The child can't use it on their own tax return for the tenant property tax credit. Nothing changes, everything remains the same and we've done this I think 283 times now. • Overall, that benefit increase has increased benefits for those families by over a million dollars a year and we're very pleased with that work. If we can assist you, I'd be happy to have received the call.

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