How does a Financial Institution determine if it is a Saskatchewan RRSP?
A. Jurisdiction over a debtor’s RRSP will be determined through the exercise of general jurisdiction of a Court over a particular Debtor. It is well established that jurisdiction over the individual includes jurisdiction over their personalty such as RRSPs and RRIFs. In other words, in the same way that there is no such thing as a “Saskatchewan Car” for enforcement purposes there is no such thing as a “Saskatchewan RRSP”; rather there are Saskatchewan debtors that become subject to execution in the ordinary course. Location of the personalty is an enforcement issue not a jurisdiction issue.
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