u/Far_Fault1094

My psychiatrist said that to get CPP-D, you need to have tried EVERY treatment and have if not work. I tried a bunch of different medications from different drug classes, and none of them really helped me, or I had to stop due to side effects. I also tried therapy and occupational therapy. I did ketamine at the hospital, and that didn't really help me. However, I did NOT try rTMS or ECT. My psychiatrist strongly recommended me to try rTMS, but I declined. Will the fact that I didn't do rTMS or ECT be used to deny my application. There are also some surgical options available for depression as well. In general, do CPP-D applications for depression tend to get denied? My other diagnoses are autism, ADHD, anxiety, PTSD, OCD. Would it make more sense for me to focus my application on those conditions instead?

Applied to ODSP for the first time. After you pass the financial portion, you are given the medical forms and you have 3 months to submit them. How many times can you request an extension on this medical package until the DAU finally says no, and you have to reapply and start all over? Once you are approved medically, do they verify your financials again before receiving your first payment?

In terms of the medical approval. I would be applying under mental health conditions.

My mom has listed me as a beneficiary on her TFSAs. She has the TFSAs at several of the big 5 banks. The funds are all held as GICs. After my mom passes, how would I inherit this money? What would be the process at the bank? Do I simply show them the death certificate, and they would transfer the amount to my chequing account, or mail me a cheque?

My mom also has chequing accounts in her name only, and joint chequing accounts with me. What would be the process to claim the amounts in these accounts?

Does my mom need to write a will? I am her only child, and my father is already deceased. Her only assets are the TFSAs and chequing accounts mentioned above. Do the TFSAs and joint chequing accounts need to be mentioned in the will? If my mom doesn't write a will, what will happen?

Also, would anything be reported to the CRA under my name when I inherit this money? What are my reporting obligations to CRA? Will any tax slips be generated? Would I be required to declare anything on my taxes?

If my mom passes away in a foreign country, what would happen in that case? Would the bank accept the foreign death certificate, or would I need to get it "verified" by the Canadian authorities first? If so, what would that process look like?

My mom has listed me as a beneficiary on her TFSAs. She has the TFSAs at several of the big 5 banks. The funds are all held as GICs. After my mom passes, how would I inherit this money? What would be the process at the bank? Do I simply show them the death certificate, and they would transfer the amount to my chequing account, or mail me a cheque?

My mom also has chequing accounts in her name only, and joint chequing accounts with me. What would be the process to claim the amounts in these accounts?

Does my mom need to write a will? I am her only child, and my father is already deceased. Her only assets are the TFSAs and chequing accounts mentioned above. Do the TFSAs and joint chequing accounts need to be mentioned in the will? If my mom doesn't write a will, what will happen?

Also, would anything be reported to the CRA under my name when I inherit this money? What are my reporting obligations to CRA? Will any tax slips be generated? Would I be required to declare anything on my taxes?

If my mom passes away in a foreign country, what would happen in that case? Would the bank accept the foreign death certificate, or would I need to get it "verified" by the Canadian authorities first? If so, what would that process look like?

I'm worried that the stock market won't be as profitable in the future as it was in the past. Inflation is crazy high right now, I'm worried that the dollar will become worthless in the not too different future. How do I protect the value of my assets? Should I just convert all my cash to gold and be done with it? I'm 26 years old, very naive. I don't want to get tricked into doing the wrong things with my money. How do I set myself up to have a good future and grow my money?

Withdrawals from the RDSP are supposed to be exempt as income. Do you have to declare RDSP withdrawals to your caseworker? If not, will this "undeclared income" get flagged somehow and cause you to get audited? There are separate line numbers on the notice of assessment for RDSP withdrawals. Are those line numbers "excluded" when ODSP reviews your income with CRA?

What happens if you don't declare your RDSP to your caseworker, and then make withdrawals from it? The RDSP is exempt as assets, so I didn't see a problem in not declaring it. Will not declaring the RDSP cause me problems down the road when I make a withdrawal?

Could a caseworker please answer this?

I have a TFSA segregated fund account. My caseworker insists that it's not exempt. I have an RDSP, and the caseworker suggested I transfer the funds to my RDSP to become eligible for ODSP. I have enough RDSP contribution room to do this, but I would prefer to keep the segregated funds since I can withdraw from them without penalty. If I withdraw early from the RDSP, I would have to repay grants.

The advisor who set up the TFSA segregated fund account said it would be exempt, but provided no real proof. Perhaps they were lying to me just to make the sale and get their commission. Should I bother with fighting this, or just listen to the caseworker and do what they say?

Does anyone on here have segregated funds within a TFSA? How were you able to convince your caseworker to treat it as exempt? Did you have to escalate it to a manager, or do an internal review, or go to tribunal? Did ODSP have to get their legal department involved?

This just feels like so much trouble, I feel like I'd be better off just listening to my worker and transferring to the RDSP. ODSP policy clearly states the RDSP is exempt, and that you can transfer funds to the RDSP immediately before applying and this is perfectly allowed according to the rules. Even if I lose some grant money, I'm also losing money by not being on ODSP. This might be the cost I have to pay if it means securing my ODSP.

Edit: I know I'm not going to get a lot of sympathy from people on here for having some savings. But I'll never be able to work in my life again, so I need to protect what little I have now.

I'm in Ontario. They are an independent financial advisor. I have a segregated fund TFSA with them. Luckily I am not locked in, and can withdraw funds at any time. My MER is just under 3%. Long story short, they threatened to drop me as a client because I kept on asking them too many questions, and this is taking up too much of their time. This isn't untrue, although I wouldn't consider my questions excessive and feel like it is my right as a client to be asking these questions. My guess is that he isn't making a significant commission off me, so I'm not worth his time. If he does drop me as a client, what would that process look like? Would it be a forced withdrawal of my entire TFSA, with a cheque mailed to me? Or would I be allowed some grace period to transfer my funds to another institution (without having to withdraw and recontribute)? Is he even allowed to do this? Perhaps I should be proactive and look for a new advisor. Maybe that's what he wants so he doesn't have to go through the process of dropping me as a client.

For those wondering why I'm in segregated funds, it's because ODSP considers it an exempt asset. The only other exempt asset is the RDSP, but if I withdraw early, I'll have to repay the government grants. Whereas you can freely withdraw from segregated funds. My RDSP is self directed, I'm not with an advisor. I could theoretically cash in my TFSA and transfer everything to the RDSP, the only downside is losing the government grants for early withdrawal. I feel like the extra MER I pay for segregated funds would still be less than the government grants I'd have to repay if I withdraw early.