One Response to “Do I lose my RRSP if I go bankrupt?”
Barton Goth, GCO Inc. Bankruptcy Trustees said...
In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.
In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.