Canada's only bank that offers the RDSP encourages parents to make a
contribution by Mar. 2 in order to receive 2008 federal contribution
TORONTO, Feb. 3 /CNW/ - BMO Bank of Montreal is responding to the
popularity of the new Registered Disability Savings Plan by hiring additional
call centre staff and establishing a dedicated phone line to keep up with
"At the end of January we have set up more than 3,000 RDSP accounts from
coast to coast," said Linda Knight, President and Chief Operating Officer, BMO
Investments Inc., BMO Financial Group. "This level of demand is a testament to
the popularity of this new program and its importance to Canadian families."
BMO Bank of Montreal is the first bank to offer Canadians the RDSP, a new
federal government initiative introduced to enhance the long-term financial
security of people with disabilities.
Customers can apply for a BMO RDSP through BMO's investment call centre,
BMO Investment Centre (BMO IC) at 1-800-665-7700.
Contributions to an RDSP may qualify for payments from the Canada
Disability Savings Grant (CDSG) program to a lifetime maximum of $70,000 per
beneficiary. Lower-income families may qualify for payments from the Canada
Disability Savings Bond (CDSB) program without having to make a contribution
to an RDSP, up to a lifetime maximum of $20,000.
How to apply for a BMO RDSP
- BMO RDSP will be serviced and sold exclusively through BMO's
investment call center, BMO Investment Centre (BMO IC) at
1-800-665-7700. Bell Relay Service: 1-800-855-0511
- BMO IC is open Monday to Friday 7 AM to 11 PM (EST) and Saturdays
9 AM - 5 PM (EST). BMO IC will be open the last 5 Sundays of the RSP
season, Feb, 1st to March 1st, from 9 AM to 5 PM EST.
- BMO IC provides service in both official languages plus Cantonese and
For further information:
For further information: To arrange an interview, contact: Deborah Rowe,
Toronto, firstname.lastname@example.org, (416) 867-3996; Lucie Gosselin, Montreal,
email@example.com, (514) 877-1101; Laurie Grant, Vancouver,
firstname.lastname@example.org, (604) 665-7596, Internet: www.bmo.com