FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Company

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Income Tax, GST and the filing of a bankruptcy

Trustee is doing tax return for 2008, if there is gst credit to be revcieved this year (2009) does it go to the bankruptcy?
What about CTB, does it go to the bankruptcy as well?

Posted from: British Columbia

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Income Tax, GST and the filing of a bankruptcy”

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

If you file bankruptcy you will typically loose your tax returns and GST cheques for the year of bankruptcy and any previous years. So practically we find there are usually 4 GST cheques that you would not see.

As for Child Tax Benefit, this will continue to go to you, although is considered part of your total income when determining if you have to pay in Surplus during the bankruptcy.