Bankruptcy and RRSP.
May 28th, 2007 by Questions
I have about 20K in my RRSP. If I declare bankruptcy and the trustee liquidates the RRSP will tax be withheld at the standard rates? (ie. the creditors get only about 15K)
If the withheld tax gets refunded in the post bankruptcy tax return due to low income will the trustee get the refund?
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.)