Short Answer

No, locked in retirement accounts are considered protected and cannot be seized in a consumer proposal.

Longer Answer

All retirement funds are protected in a consumer proposal. When you file a consumer proposal, you do not have to give up these assets . This includes anything invested in a LIRA, RRSP, RSP, RESP and so on. In most situations, the money in your retirement plans will remain untouched under a consumer proposal. On the other hand, many clients may choose to access these accounts to fund a proposal to eliminate debt before retiring.