Fifth Session, Thirty-Eighth Legislature

This version is based on the printed bill that was distributed in the Legislature after First Reading.   It is not the official version.   If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications.

Bill 6


Table of Contents Explanatory Note

(Assented to                                         )

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:



The following definitions apply in this Act.

"enforcement process" means

(a) garnishment, execution, seizure or attachment; or

(b) any other remedy or legal process to enforce payment of an amount payable by a planholder. (« procédure d'exécution »)

"planholder", in relation to a registered plan, means

(a) in the case of a deferred profit sharing plan, a beneficiary under the plan and a spouse or common-law partner, as defined in subsection 248(1) of the Income Tax Act (Canada), who receives amounts payable on the beneficiary's death;

(b) in the case of a registered retirement income fund, an annuitant as defined in subsection 146.3(1) of the Income Tax Act (Canada); or

(c) in the case of a registered retirement savings plan, an annuitant as defined in subsection 146(1) of the Income Tax Act (Canada). (« titulaire »)

"registered plan" means

(a) a deferred profit sharing plan, as defined in subsection 147(1) of the Income Tax Act (Canada);

(b) a registered retirement income fund, as defined in subsection 146.3(1) of the Income Tax Act (Canada); or

(c) a registered retirement savings plan, as defined in subsection 146(1) of the Income Tax Act (Canada). (« régime enregistré »)



This Act applies to every registered plan, whether it is registered before or after this Act comes into force, except a plan to which subsection 31(1) (protection of pension money) of The Pension Benefits Act applies.

Exemption from enforcement process


Subject to subsection (2), all rights, property and interests of a planholder in a registered plan are exempt from any enforcement process.



Subsection (1) of this section and subsections 168(1) and 173(2) of The Insurance Act do not apply to an enforcement process

(a) to satisfy an order made under The Family Property Act or under similar legislation of any other province or territory of Canada; or

(b) by a designated officer, as defined in section 52 of The Family Maintenance Act, in enforcement proceedings the officer may take under Part VI of that Act;

in respect of a registered plan.

Payment out of registered plan


A payment out of a registered plan is not exempt from any enforcement process.

Transfer not a payment


For the purposes of subsection (1), a transfer from one registered plan of a planholder directly to another registered plan of the planholder is not a payment out of a registered plan.

This Act prevails


If a provision of this Act conflicts with a provision of another Act, this Act prevails unless the other Act expressly provides that it or the provision prevails despite this Act.

Operation of Fraudulent Conveyances Act


Despite subsection (1), nothing in this Act affects the operation of The Fraudulent Conveyances Act.

C.C.S.M. reference


This Act may be referred to as chapter R116 of the Continuing Consolidation of the Statutes of Manitoba.

Coming into force


This Act comes into force on a day to be fixed by proclamation.

Explanatory Note

This Bill protects registered retirement savings plans and income funds, and deferred profit sharing plans from most creditors.  Those plans are, however, still subject to maintenance orders enforced by the Maintenance Enforcement Program, and orders respecting the division of family property.