FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

Hidden

What's the best time to contact you?*

Location*

What city do you live in?*

Hidden

Source

How can we help you?

Name

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

RRSP, LIRA and TFSA

Are RRSPs, LIRA and TFSA surrendered when filing Consuner Proposals?
I am collecting EI benefits. Am I eligible to file CP?

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “RRSP, LIRA and TFSA”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

No, in a consumer proposal there is no automatic vesting of assets like there is in a bankruptcy. All you have to do is ensure you are offering more to your creditors than they would receive in a consumer proposal.

Now in terms of eligibility, as long as you can afford a reasonable payment to the creditors, owe greater than $1000 and your income is fairly stable and dependable then you are eligible. But it is best to discuss this with a local trustee and they will run through your situation and let you know if it is a good fit given where you are sitting.