Bankruptcy and TFSA/RESP/RRSP

July 3rd, 2009 by Questions

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.

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