McBride: What RRSPs can — and cannot — do

How good is an RRSP as a way to save money? It’s very good.
 
Creditor proof
In general, if you don’t pay your debts, creditors may be able to recover what you owe from your assets. However, Saskatchewan legislation fully protects savings in RRSPs from creditors.
 
Probate proof
You can make your RRSP probate proof. When you name your spouse as beneficiary of your RRSP, your RRSP bypasses your will upon death. The RRSP can normally be paid out to your spouse as the named be