April 16th, 2009 by Questions
I am seriously considering filing for bankrupcty, however I just have 1 simple question first.
After bankrupcty and after being discharged, does my RESP contribution limit get affected ?
Let`s say before bankruptcy, my RESP contribution limit was $20K, would I still have that contribution limit AFTER my discharge from bankruptcy ?
You have a GREAT web-site, very helpfull !
Posted from: Ontario
One Response to “RESP Contribution”
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April 17, 2009 at 8:56 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
Firstly we are happy to hear that you found our sit helpful.
As for the RESP question, there shouldn’t be any impact on your RESP contribution limit. However, if you have any RESP’s set aside those are lost if you file for bankruptcy.