Alberta exempts registered savings plans from seizure

One more province has joined the ranks of extending creditor protection to registered savings plans. Alberta’s Civil Enforcement Amendment Act came into force on October 1, 2009 (the “Act”). It applies to registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs), deferred profit sharing plans (DPSPs) and registered disability savings plans (RDSPs).

Fair Treatment

Filed under:
Canada, Alberta, Employee Benefits & Pensions, Insolvency & Restructuring, Miller Thomson LLP, Tax exemption, Bankruptcy, Debtor, Beneficiary, Retirement, Life insurance, Investment funds, Disability, Bankruptcy and Insolvency Act 1985 (Canada)
Authors:
Wendi P. Crowe
Location:
Canada
Firm:
Miller Thomson LLP