As we head into challenging economic times, debt recovery litigation is likely to rise. For many, an individual's most substantial exigible asset will be their RRSP or RRIF. Recent legislative amendments to the British Columbia Court Order Enforcement Act extended creditor protection to some funds held in registered plans, including RRSPs, RRIFs, and deferred profit sharing plans ("DPSPs").

type Financial Services Alert - January 2009 - British Columbia Legislative Amendment Affects Garnishment and Seizure of Registered Plans