Most RRSPs can be seized.
RRSP that can't be seized
Life insurers and trust
companies RRSP can't be seized.
They are usually in RRSP
annuities or fixed annuities.
To be elusive, your RRSP
must designate a beneficiary. If the
beneficiary is not your married
spouse, your parents or your children, it
must be designated IRREVOCABLE.
Note: To change an
irrevocable beneficiary, the latter must
give his consent.
Subterfuge
If you transfer your RRSP
in one that can't be seized shortly before
declaring bankruptcy, you will not escape
capture. Your strategy will be unmasked and
a court ruling is in favor of your creditor.