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
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
