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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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If i declare bankruptcy, will i still be eligible for future tax returns

If i declare bankruptcy, will i still be eligible for future tax returns? Will i be able to keep the returns as well, or will it be considered as surplus income?

Posted from: British Columbia

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One Response to “If i declare bankruptcy, will i still be eligible for future tax returns”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

As a result of a bankruptcy you loose any tax refunds for the year of bankruptcy and previous. However, in the years following a bankruptcy your taxes would go back to normal and if there are any refunds you would receive them.