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RRSP’s

I have approximately 18,000 in personal RRSP’s and am contemplating personal bankruptcy in Canada. How will this affect my RRSP’s?

One Response to “RRSP’s”

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.