Am I Responsible for Paying Tax on a RRSP that My Trustee Cashes in During a Bankruptcy?
No. The bankruptcy estate is responsible to pay any tax on that RRSP. But you should be aware that in general you will retain ownership of your RRSP - except for any contributions made within the last 12 months prior to bankruptcy
Read More About Bankruptcy and RRSPs
- Your RRSPs – Learn How To Hold Onto Them If You File For Protection From Your Creditors
- How To Protect Your RRSP
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