Question: I have a managed rrsp to which I have contributed for the last 20 years. is this vulnerable if I go bankrupt in Ottawa? is the law about to change? Thanks Jennifer
Answer: Potentially, yes. If your RRSP is not locked in, you will probably lose it if you file for bankruptcy. There have been many proposed rule changes, but as of today no changes are imminent.
For full details, and for a free initial consultation, we suggest you contact an Ottawa bankruptcy trustee.
