group RRSP

November 17th, 2009 by Questions

I`ve been reading your posts about RRSPS. My question is particular to BC.
If I have a group RRSP (where both myself and my employer make contributions) and I file for bankruptcy, can I make contributions to the RRSP after the day of bankruptcy? If so, can these contributions be recovered by the trustee? I took at look at the Court Order Enforcement act and the wording doesn`t make sense to me (as opposed to the bankruptcy and insolvency act that says only the contributions made 12 months before bankruptcy can be recovered). I`m confused. Thanks for your time

Posted from: Ontario

Questions

One Response to “group RRSP”


November 17, 2009 at 9:22 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The best thing is to contact a local trustee as this is going to be determined largely by the way the exemption laws work in your province.

Now as a general rule contributions after the date of bankruptcy are permissible, but make sure you discuss it with your trustee first.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)