Can a trustee refile income tax returns?
January 22nd, 2015 by Questions
My husband received a lump-sum settlement from CPPD in 2014, years after we applied (multiple hearings, appeals, etc). The payment goes back to 2009 when they determined him eligible. We both went bankrupt in 2010, mine was dismissed in Sept that year, his in 2012 as a second bankruptcy.
In addition, he qualified for the DTC (Disability Tax Credit amount/$7000+) and they backdated that to 2008, it is under my taxes to claim it on his behalf, as I was working at the time paying income tax and he was not being on WCB.
My question – is our trustee able to go back and refile our taxes for us for the years they filed them (2009/2010 for me, 2009-2012 for him)? I asked Revenue Canada about refiling (they will do this if you request the service and provide income documents) but they said the trustee would have to apply the credits and re-file for our bankruptcy years.
What implications are there – will this affect any overage penalty we were paying monthly at the time, will it extend my bankruptcy from the 9-month auto discharge to something longer? Any other pitfalls?
Posted from: Nova Scotia
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