RRSP and bankruptcy

Posted on Thursday, August 21, 2008

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I have a RRSP. The money in it came from the roll over from a company pension plan when I left the company. I do have other normal RRSP’s that I understand would not be protected.

Am I correct?

Filed under: Bankruptcy
 posted by Questions @ 6:48 pm
1 Expert Comment:

 At August 25, 2008 | 9:58 pm , Barton Goth GCO Bankruptcy Trustees Said...

This is a good question as there have very recently been some changes that impact RRSP’s greatly. Essentially now all RRSP’s are exempt, with the exception of any contributions made within the twelve months preceding bankruptcy. so as long as these RRSP’s are older than 12 months they will be fully protected.

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