2025-10-30
Debt traps and financial nightmares
Lifestyle Debt
Many Canadians are stuck in payday loan cycles. Learn how debt traps form, why they’re harmful, and what you can do to escape and regain control.
Are Rdsps Rrsps And Tax Free Savings Accounts Exempt
2009-11-29
Hello, I should note first of all that exemptions do vary somewhat from province to province and you should always check with one of our trustees in your jurisdiction. Pension Plans, RRSPs and RRIFs have been exempt in Saskatchewan for some time. However, Tax Free Savings Accounts are not and would be required to be taken by the Trustee as, for that matter, would RESPs. It is also possible that if an individual had large amounts in RRSPs that the court could order the payment of funds into the bankruptcy as part of a conditional order of discharge. This would depend on the age of the individual, the amount of the RRSPs, whether they are "locked in" etc. Please call us if you require any further information. Ian Schofield MNP Regina 306-790-7904
Latest Blog Posts
2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
