On November 27, 2008, the BC Legislative Assembly passed the Economic Incentive and Stabilization Statutes Amendment Act, 2008 (Bill 45), which included protection for retirement savings as recommended by CBABC. Speaking about the Act on November 25, 2008, Attorney General Wally Oppal, QC cited CBABC President Miriam Maisonville's Vancouver Sun article "Protecting Retirement Savings from Seizure."

Since 2005, the CBABC has advocated to the BC government that it should enact the CBABC Registered Plan (Retirement Income) Exemption Act. Please consult the links to read about the CBABC's Registered Retirement Savings Plans (RRSPs) initiative:

• CBABC Applauds Government Protection of RRSPs
• Protection of RRSPs from Creditors
• Protecting Retirement Savings from Seizure
• RRSP Protection Legislation Passed
• RRSP Legislation Second Reading Debated in House
• Some Retirement Savings Put At Risk

CBABC Submissions

• September 15, 2008 - 2009 Provincial Budget Submission
• November 2005 - Draft Legislation Submission
• November 2008 - Update to 2005 Submission

CBABC Resolutions

• October 15, 2004 - Executive Committee
• September 24, 2005 - Provincial Council

[posted January 19, 2009]