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locked-in rrsp account and bankruptcy
Question: How does a filing bankruptcy in Calgary affect a locked-in rrsp account?Answer: Locked in RRSPs are not affected by bankruptcy; you are allowed to keep them.
In fact, the only money that you lose from an RRSP when you file bankruptcy in Calgary are any contributions you have made to your non-locked in RRSP in the previous year; all other amounts are exempt from seizure.
Labels: bankruptcy Calgary
Posted on Tuesday, November 25, 2008
posted by Questions @ 4:34 PM
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