Add Comment Question: I am on LTD and also collecting CPPD benefits. If I withdraw money from my RSPs is that considered income? Do I have to disclose the withdrawal to my insurer and could they reduce my benefits? Answer: Unfortunately the answer to this question depends on the offset/deduction terms in your specific LTD policy. So you'll need to get a copy of your policy and check those terms and go from there. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.