Ellen Roseman

Personal finance columnist at the Toronto Star and previously the Globe and Mail. My passion is consumer advocacy and making sense of money

Mar 24, 2021
Published on: LinkedIn
1 min read

The often stated financial advice that RSP funds are protected from creditors is in doubt, as is the liability of financial advisors (and lawyers) who have given this advice. At least with respect to taxes. A recent Federal Tax Case has become essential reading see: https://lnkd.in/dPtXmHN #financialadvice #tax #RRSPs #estates #estateplanning

The often stated financial advice that RSP funds are protected from creditors is in doubt, as is the liability of financial advisors (and lawyers) who have given this advice. At least with respect to taxes. A recent Federal Tax Case has become essential reading see: https://lnkd.in/dPtXmHN #financialadvice #tax #RRSPs #estates #estateplanning

Can a trust avoid tax on a deceased person’s RRSP?