Bankruptcy and TFSA/RESP/RRSP

While in bankruptcy can I open a TFSA or a RESP by using borrowed funds from my spouse?

Posted from: Ontario

One Response to “Bankruptcy and TFSA/RESP/RRSP”

A licensed trustee said...

You have the right to do any/all of those things. I suggest you speak to your trustee first just in case they find out about the account(s) themselves and think you’re trying to hide something. A great deal of your bankruptcy is based on trust – if your trustee thinks you’re hiding things then that trust may be eroded.