April 10th, 2011 by Questions
My husband and I have 2 months left until our discharge (9mos). My company has just closed, leaving me without a job and paying me severance at 40 hrs per week for 20 weeks. Although I will get a job with the new employer, my wages and hours go done dramatically. EI will deduct any severance I receive dollar for dollar.
I was told I could put my entire severance into my RRSP’s until out of Bankruptcy. Is this legal? I am a seasonal worker, so monies like this, would normally be saved to pay bills over the winter as that is when EI will deduct this.
Posted from: British Columbia
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.)