http://www.bankruptcy-canada.ca/bankruptcy/2010/02/surplus-payments-tax-deductible.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 http://www.bankruptcy-canada.ca/bankruptcy/2010/02/surplus-payments-tax-deductible.html#comment-113715 Ted Michalos, CA trustee Mon, 08 Feb 2010 10:56:15 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2010/02/surplus-payments-tax-deductible.html#comment-113715 No, there are not. If the payments you make into bankruptcy (for surplus or anything else you are required to pay) were tax deductible then the debts you are eliminating would be treated as taxable income. I don't think anyone filing for bankruptcy would want that... No, there are not. If the payments you make into bankruptcy (for surplus or anything else you are required to pay) were tax deductible then the debts you are eliminating would be treated as taxable income. I don’t think anyone filing for bankruptcy would want that…

]]>