July 9th, 2011 by Questions
I have the option of receiving my severance pay and putting it into an RRSP without taxes being taken off …. my question is, if I do this then will my trustee know about it and if he does what are the repercussions, ie, since it is being put into RRSPs do I have to declare this as income? Come time to be discharged how does the trustee/court know if a person has an RRSP, etc.?
Posted from: Ontario
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.)