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
