RRSP and Bankkrupsy

Question: What happens to my RRSP after filing for bankruptsy?

Answer: If you go bankrupt anywhere in Canada, you are allowed to keep your RRSP, except for any contributions you made to it in the last 12 months. For example, if you have been contributing $100 per month to your RRSP for the last 36 months and it now has $3,600 in it, you would lose $1,200 of your RRSP when you file for bankruptcy.

This entry was posted on Wednesday, August 5th, 2009 at 10:22 am and is filed under what do I get to keep if I go bankrupt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.