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Educational Tax Credit after bankruptcy.

being for some 5+ years in college I have accumulated c.a. $30K in educational tax credits. As I do not ahve any meaningful income, this credit I can transfer for future years ahead. Should I declare bankruptcy, would I have this educationla tax credit available after my discharge or it will somehow disapear?
P.s. I do not owe any money to CRA.

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One Response to “Educational Tax Credit after bankruptcy.”

A licensed trustee said...

Our understanding is that these deductions would be “lost” if you are not able to use them prior to filing an assignment in bankruptcy. I suggest you confirm this directly with CRA, just to be certain.