Your client, Mark, wants to open a Registered Disability Savings Plan (RDSP) for his son, Daniel, who is eligible for the Disability Tax Credit. Mark mentions he is only able to contribute $100 per month but wants to maximize government grants and bonds. Beyond collecting personal details and financial statements, what critical piece of data unrelated to direct financial contributions must you gather to accurately project the potential government contributions and ensure the plan's optimal setup under current Canadian regulations?

Question: Your client, Mark, wants to open a Registered Disability Savings Plan (RDSP) for his son, Daniel, who is eligible for the Disability Tax Credit. Mark mentions he is only able to contribute $100 per month but wants to maximize government grants and bonds. Beyond collecting personal details and financial statements, what critical piece of data unrelated to direct financial contributions must you gather to accurately project the potential government contributions and ensure the plan's optimal setup under current Canadian regulations?

Answer options:

• Mark's historical annual investment returns.
• Daniel's expected future career earnings. ✅ Daniel's net family income (NFI) for the past two tax years and current year, as well as Mark's NFI if Daniel is a minor.
• The current market value of Mark's primary residence.

Correct answer: Daniel's net family income (NFI) for the past two tax years and current year, as well as Mark's NFI if Daniel is a minor.

Explanation: Eligibility and the amount of Canada Disability Savings Grant (CDSG) and Bond (CDSB) are heavily dependent on the beneficiary's (or, if a minor, the contributor's/parent's) Net Family Income against specific thresholds. Without this data, accurate projections for government contributions are impossible.