CCTB Calculation

June 29th, 2009 by Questions

To calculate our child tax benefit, the CRA needed both mine and my husband`s tax returns. He filed for bankruptcy in 2007. Will they use his income on his pre- or post-bankruptcy return to calculate our child tax benefit payments?

Posted from: Ontario


One Response to “CCTB Calculation”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

They will use his income for the entire year. So they add the income figures together from both the pre and post bankruptcy returns and then do the CTB calculation.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)