Comments on: What abour RRSPs? http://www.bankruptcy-ontario.org/uncategorized/2006/10/what-abour-rrsps.html Mon, 23 Jan 2012 18:51:03 +0000 hourly 1 By: J. Douglas Hoyes, CA, Trustee http://www.bankruptcy-ontario.org/uncategorized/2006/10/what-abour-rrsps.html/comment-page-1#comment-12 J. Douglas Hoyes, CA, Trustee Thu, 26 Oct 2006 12:54:07 +0000 http://www.bankruptcy-ontario.org/?p=82#comment-12 Under current rules, if you go <a HREF="http://www.bankruptcy-ontario.org/bankruptcy-Ontario.htm" REL="nofollow" rel="nofollow">bankrupt</a> in Ontario you lose your RRSPs. The only exception would be if your RRSPs are exempt from seizure, because they are locked in or in special insurance or segregated funds.<br/><br/>The best way to determine if your RRSPs would be seized in a bankrupty is to get a copy of your RRSP statement and policy, and then book a meeting with a <a HREF="http://www.bankruptcy-ontario.org/askus.htm" REL="nofollow" rel="nofollow">licensed bankruptcy trustee</a> to review your RRSP policy. Under current rules, if you go bankrupt in Ontario you lose your RRSPs. The only exception would be if your RRSPs are exempt from seizure, because they are locked in or in special insurance or segregated funds.

The best way to determine if your RRSPs would be seized in a bankrupty is to get a copy of your RRSP statement and policy, and then book a meeting with a licensed bankruptcy trustee to review your RRSP policy.

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