On Thursday, July 17, 2008, Greg Hebert and I spoke about the differences between pension plan and individual retirement plan management. Listen here.
CFRA Business @ Night
At long last, there was an important proclamation made yesterday that will protect RRSPs from creditors should you become bankrupt.
The federal government yesterday passed Bill C-12 into law, which allows bankrupt Canadians to keep their RRSPs, except for contributions made in the year before declaring bankruptcy.
This has been a long time coming, and something I feel is important to many clients, especially those who are self-employed, or who do not have a pension plan. This also allows investors to not be forced to use segregated funds in their RRSP, often at higher cost, simply to have creditor protection.
On June 26th , I was interviewed by Greg Hebert of CFRA’s Business@Night. We spoke about how little evidence there is that active money managers protect your portfolio in down markets. Listen here!
CFRA Business @ Night