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RRSP

If I put money into a segregated RRSP at 3% and the company puts in 3%- because this is segregated funds ( wiht a life insurance company) does that mean that they would not be taken if I decide to declare bankruptcy? Or would they still take the last 12 months?

Posted from: New Brunswick

One Response to “RRSP”

A licensed trustee said...

The new RRSP rules (that became effective July 7, 2008) are in addition to any existing laws/rules in place. I suspect that New Brunswick, like the other provinces, has an exemption for RRSP funds held by insurance companies with an anuity component (ie your seg funds). Call your plan administrator or a trustee in NB and ask them…