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What kind of RRSP’s are exempted from personal bankruptcy?

If you file personal bankruptcy, Would the creditor have any claim on your RRSP or i heard certain kind of RRSP’s are exempted from bankruptcy?

One Response to “What kind of RRSP’s are exempted from personal bankruptcy?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.