What Happens to RRSPs, RESPs & Pension Plans in Bankruptcy or a Consumer Proposal?

If you’re in financial trouble and considering either a consumer proposal or faillite, you may be wondering what will happen to your RRSPs/RRIFs, your pension, and/or your RESPs. When it comes to insolvency law in Canada, each of these investments is treated differently, so let’s break it down this way: RRSPs and RRIFs in Bankruptcy …

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