Bankruptcy Exemptions in the province of Saskatchwan | Canada

Exemptions in Bankruptcy - Province of Saskatchewan:

Items exempt in a Bankruptcy / Consumer Proposal filing in the province of Saskatchewan are as follows:

  • For Non-Farmers:
    • Household Goods, personal effects and furniture up to a value of $4,000.00
    • Tools of the Trade up to a value of $4,500.00
    • One Motor Vehicle provided it is required to maintain your employment
    • Home Equity exemptions:
      • Home equity exemption for a single owner: $32,000
      • Home equity exemption for a joint ownerhip: $64,000
    • Certain Life Insurance policies and Pensions are exempt - others are not
  • For Farmers:
    • Household Goods, personal effects, appliances and furniture up to a value of $10,000.00
    • Sufficient cash to provide food & fuel for heating to livestock until the next harvest
    • All livestock, farm machinery, and equipment necessary for the next 12 months of farm operations. Also includes a vehicle allowance for one commercial vehicle.
    • One motor vehicle for business use and maintenance of employment is exempt provided one has not been exempted for commercial farming uses above.
    • Tools and equipment up to $4,000 in value provided they are used by a farmer in his trade or profession.
    • Home Equity exemptions:
      • Home equity exemption for a single owner: $32,000
      • Home equity exemption for a joint ownerhip: $64,000
    • Seed grain totaling 2 bushels per acre for land currently under cultivation
    • Cash equivalent of crop equal to:
      • unpaid harvesting costs
      • Living expenses to next harvest
      • Necessary costs of farming until next harvest
    • Certain Life Insurance policies and Pensions are exempt - others are not
    • Also exempted: "The Homestead"

Return to provincial exemptions

For a list of all our services please see our Services Page or Contact Us.

Canada Debt Settlements  always free debt reduction consultation - Call to figure out your best next step... Contact us

Access our online debt reduction settlement application for a free confidential no obligation review of your situation

Canada Debt Settlements stands by the commitment and service guarantee that no client will be charged unless we can achieve a debt reduction. As our customer testimonials will demonstrate - we have a unique solution that allows a licensed agency to advocate with your creditors on your behalf. We work for YOU... not the creditor. Call now to speak with an experienced and licensed debt professional. What do you have to lose?

Another Successful Debt Settlement...

I must say that I always ‘do my research’ in every area of life as best as I can so that I make the right purchase the first time. Well, this was not an area I was even remotely able to make a definitive call on since my wife and I never had any previous debt issues.
I researched and met up with many different Debt Resolution/Debt Solvers and tried to work with making monthly lump payments but it wasn’t the correct solution and in the end failed for us. I started researching into solving our Debt problems all over again when I came upon the idea of Debt Settlement…that was the correct solution and something my wife and I should’ve done the year before. The problem was who could we trust to do it and who was the best person for the job. That was our newest problem.
I started making calls and looking up as much information as I could get on the Companies that did this and I was confident that Canada Debt Settlement were the tops in this area so I called and spoke to Boaz. I was actually somewhat shocked as he had answered my questions and explained the way it worked so well I had no more questions the next day. This was a relief as the time frame for us was very tight and to this day I am amazed that everything was settled going right down to the wire on our tight schedule and that Boaz still managed great savings for us in the process. It pulled us right out of debt and had we called Canada Debt Settlement the year before we would’ve saved even more and not carried that Debt burden unnecessarily for an extra year.
If you’re doing your research looking for who is the right one for the job, I can honestly tell you save your time and money and go with Canada Debt Settlements. I would be happy to talk to anyone that has any uncertainty as the expertise and hard work Boaz did for us was truthfully incredible.
S.B. of Mississauga
Received Dec 23, 2013 via email
Total Savings: $18,000+

Call now for your free no obligation consultation 1-877-475-3939