RWRDS Daily Update Dec 4: The Ultimate “I have no idea what travel rewards I want” Credit Card portfolio! + MORE Dec 4th

The registered disability savings plan (RDSP) is not new—it was introduced in 2008 to help those eligible for a disability tax credit (DTC) save and invest. However, few Canadians know about it. Just one in six—or around 17%—of Canadians have heard of an RDSP, compared to 86% for tax-free savings accounts (TFSAs) and 81% for registered retirement savings accounts (RRSPs), according to a recent survey by Concentra Trust, an Equitable Bank company providing banking and trust services for most of Canada’s credit unions. 

But even among Canadians familiar with the RDSP, there are misconceptions. For example, the survey found that 36% of people with potentially qualifying medical conditions and caregivers who hadn’t opened an account thought they didn’t have enough money to do so. One-third were also unaware of the free government RDSP grants and bonds.

In this article, we’ll clear up the confusion around these and other RDSP details, including five common myths about who can be an RDSP beneficiary, where to open an RDSP and more…

The Ultimate “I have no idea what travel rewards I want” Credit Card portfolio! and receive a 15% discount on reward nights at the Holiday Inn Express Hamilton – Upper James. Check out today’s points & miles updates here:
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The Big

National Bank of Canada reports Q4 profit up from year ago, raises quarterly dividend

National Bank of Canada (NA /TSX) raised its dividend as it reported its fourth-quarter profit rose compared with a year ago.

The Montreal-based bank said Wednesday it will now pay a quarterly dividend of $1.14 per share, up from $1.10 per share. And National Bank says it earned $955 million or $2.66 per diluted share for the quarter ended Oct. 31, up from a profit of $751 million or $2.09 per diluted share in the same quarter last year.

Revenue for the quarter totalled $2.94 billion, up from $2.56 billion a year earlier, while the bank’s provision for credit losses amounted to $162 million, up from $115 million a year ago.

On an adjusted basis, National Bank says it earned $2.58 per diluted share in its latest quarter, up from an adjusted profit of $2.39 per diluted share in the same quarter last year. The average analyst estimate had been for an adjusted profit of $2.57 per share, according to data provided by LSEG Data & Analytics…