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Cashing in RRSP

I am in a Proposal right now, my question is can I cash in an RRSP to buy a car? Thanks

Posted from: Ontario

One Response to “Cashing in RRSP”

A licensed trustee said...

Unless you have pledged the RRSPs to your creditors as part of your proposal, you should bebabe to cash them out if you want to.

Just a word of warning – if youcash them out and then trun around in a few months afile for bankruptcy the Court might make you pay an amoutn equal to what you cashed out to your creditors…

You really should call your trustee and ask them these questions…