About RSP

April 16th, 2009 by Questions


I saw two different answers regarding RSP. One says I will lose it if I file for bankruptcy, the other says I will not lose it if the contribution is made more than one year ago. Which one is correct? Thanks!

Posted from: Quebec


One Response to “About RSP”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The reason you would have found two different answers is that July 7, 2008 the laws regarding RRSP’s changed. Prior to that time any RRSP’s were lost if a bankruptcy filed. Now only contributions made in the 12 months prior to a bankruptcy are at risk.

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