| BMO Bank of Montreal Responds to Customer Demand for RDSP 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, February 3, 2009 – 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 customer demand. “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
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