GST

July 16th, 2011 by Questions

I live in Ontario where when we file our income tax we get a GST refund every year, if we are eligble, relative to our income. I will be declaring bankruptcy. I am told my refunds do not come to me. Will I get the GST from the unfiled returns of the past 5 years, or do they too, go into the bankruptcy?

Posted from: Ontario

Questions

One Response to “GST”



July 16, 2011 at 7:55 am, A licensed trustee said:

Any tax refunds that relate to the year you file bankruptcy and all prior years will be sent to your trustee for the benefit of your unsecured creditors. If you are entitled to GST/HST rebates for those periods they will also be sent to your trustee, but unlike your tax refunds, GST rebates are usually returned to you at the end of your bankruptcy – it depends on how much money is collected by your trustee whether or not your GST will be returned.

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