income taxes and a consumer proposal

September 7th, 2010 by Questions

Will I lose my income tax returns if I file for consumer proposals?
I had declared bankruptcy and was discharged in 1997

Posted from: Quebec

Questions

One Response to “income taxes and a consumer proposal”



September 08, 2010 at 7:56 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

There are some circumstances that can impact this, depending on whether or not you owe money to CRA from previous, but generally there is no vesting of assets in a consumer proposal like there is with a bankruptcy. As a result your income taxes are yours to keep if you filed a consumer proposal.

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