Comments on: tax exempt income and bankruptcy http://www.bankruptcy-canada.ca/bankruptcy/2008/07/tax-exempt-income-and-bankruptcy.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/bankruptcy/2008/07/tax-exempt-income-and-bankruptcy.html#comment-50231 Ted Michalos, CA trustee Wed, 30 Jul 2008 12:09:48 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2008/07/tax-exempt-income-and-bankruptcy.html#comment-50231 The Bankruptcy and Insolvency Act includes any/all income received in the household when determining a person's surplus income obligation. It is not open to interpretation - income is income is income no matter where it comes from. The Bankruptcy and Insolvency Act includes any/all income received in the household when determining a person’s surplus income obligation. It is not open to interpretation – income is income is income no matter where it comes from.

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