What happens when you turn 19?
First, you will need a bank account. We can work with you and your social worker or any other trusted adult in your life to help you build a plan that is right for you to manage your money and to set and reach financial goals. Your GTO would like to meet with you as early as possible to come up with a plan.
If you are not sure what you want to do, or you are not feeling ready to receive your money, at 19, you can consent to have the PGT continue to hold your funds until you are ready, up until your 27th birthday.
You can find some information about financial literacy in the Dollars and Sense Guide and Workbook on the PGT website. Or check out the MoneySense Quest.
IDENTIFICATION: The PGT may have your ID! Check in with your social worker or contact us directly to learn more.
INCOME TAXES: If you have a Registered Disability Savings Plan (RDSP), the PGT will begin filing your income taxes when you are 16 and will continue filing them for you until the plan is transferred to you.