Cashing in RRSP

March 23rd, 2013 by Questions

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

Posted from: Ontario

Questions

One Response to “Cashing in RRSP”



March 23, 2013 at 4:35 pm, 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…

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