Capital City Savings & Credit Union Ltd. v. 299474 Alberta Ltd., [1990] 3 WWR 763 (Alta. Q.B.) -- summary under Retirement Savings Plan

By services, 28 November, 2015

An application to collapse an RRSP was granted. Master Quinn stated (p. 768):

"If the beneficiary can in fact succeed in collapsing the plan merely by requesting the trustee to collapse it ... is there any reason why the seizing creditor cannot ask the court to order the collapse of the plan? In my view there is no reason. Why should [the beneficiary] be able to insist on the contractual rights of the trustee to frustrate the efforts of the execution creditor to collect its judgment?"

Topics and taglines
Topic
Income Tax Act - s. 146(1) - Retirement Savings Plan
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
334218
Extra import data
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