Financial recovery requires the right tools
Worried about debt in retirement? Learn if creditors like the CRA can garnish your CPP or OAS. A consumer proposal can stop collections & protect your pension income.
The Ontario Pensions Act protects registered pension plans from regular creditors. That means if you owe money to a credit card company, payday lender, or other unsecured creditor, they cannot garnishee your pension directly.
Table of Contents Retirement, Debt, and Your Pension: An Overview Retirement in Ontario should be a time of peace, not financial stress. However, for many seniors on a fixed income, looming unsecured debt can create constant anxiety. A common, urgent question we hear is: “Can my cr editors take my
