PLAN Urges the Federal Government to Make RDSPs Safe from Creditors

PLAN Letter to Paul Halucha, Director-General, Marketplace Framework Policy Branch, Industry Canada Re: Exempt RDSP Assets from Insolvency Proceedings   Dear Mr. Halucha, Twenty-five years ago, Planned Lifetime Advocacy Network (PLAN) was started by a group of families who had a single...

Have Your Say on Protecting RDSPs from Bankruptcy—by Andrew Weaver, MLA Oak Bay – Gordon Head BC

Back in March 2014,  I raised a concern about the lack of protection for Registered Disability Savings Plans (RDSPs) and Registered Education Savings Plan (RESPs). Industry Canada is now conducting a public consultation that includes these same concerns. As a quick reminder, RDSPs...

Would You Like to See RDSPs Protected from Bankruptcy?

PLAN would! And we have until mid-July 2014 to do something about it. Industry Canada is currently conducting a public consultation on the Bankruptcy and Insolvency Act – and in the discussion paper, a proposal has been made to exempt RDSP...

Protecting RDSPs and RESPs from Bankruptcy Seizure—MLA Andrew Weaver

How many of us plan for bankruptcy? Very few. Unfortunately, it happens far too often. When it occurs, individuals inevitably struggle to rebuild their lives in the hope that one day they will become financially stable once more. Registered...