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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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RRSP Account

Can a self-employed and undischarged bankrupt open a RRSP account?

Posted from: British Columbia

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One Response to “RRSP Account”

A licensed trustee said...

Certainly, but any contributions you make will be added back to your income each month when your trustee calculates your surplus income obligation. (In other words, you can’t make RRSP contributions in order to reduce your payment obligations to your bankruptcy).