Posts Tagged creditor protection

Creditor Protection for RRSPs and RRIFs

Prior to July 2008, only RRSPs and RRIFs issued by life insurance companies were creditor proof. On July 17, 2008, the regulations under the Wage Earner Protection Act came into force and so has the legislation providing protection to RRSPs. Briefly, the provisions applicable to RRSPs and ...

Comments Off on Creditor Protection for RRSPs and RRIFs   |   Posted in Credit and Debt Management,Financial Planning for Business Owners,RRIF,RRSP August 24, 2009

Save Your Assets!

Most people think of asset protection in terms of keeping assets away from creditors and lawsuits.  In today’s modern society and the profession of financial planning, the definition of the term asset protection covers a much wider range and includes plans, structures and strategies to ...

Comments Off on Save Your Assets!   |   Posted in Credit and Debt Management,Financial Planning for Business Owners,Life Insurance August 16, 2009