Spousal RRSP

February 16th, 2006 by Questions

If i have a spousal RRSP – i am the contributor and my wife is the annuitant -and if she files for bankruptcy – is this counted as her asset and does this go in the bankruptcy estate?
Thanks for your answer.


One Response to “Spousal RRSP”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

If your spouse files for bankruptcy, any spousal RRSP’s are considered her property and currently be liquidated and the proceeds made available to the creditors through the bankruptcy proceedings. However, on June 30, 2006 the rules for RRSP’s change drastically and a portion of those investments may be protected. For more information contact a bankruptcy reform for more details.

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.)