What happens to an income tax refund in a consumer proposal

March 7th, 2010 by Questions

if you do a consumer proposal do you get your income tax return money back

Posted from: Ontario

Questions

One Response to “What happens to an income tax refund in a consumer proposal”


March 08, 2010 at 3:40 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you file a consumer proposal you typically are able to keep your income tax refund. Although, many people will use that refund to pay off a portion of their consumer proposal. This is a recommended practice as it can either build you up a bit of a credit in case you miss payments in the future, or it be used to pay the proposal off quicker.

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