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what happens to my CTB?

if I file for bankruptcy will I lose my child tax credit? will the student loans be included>

Posted from: Ontario

One Response to “what happens to my CTB?”

A licensed trustee said...

If, based on your tax returns, you are eligible to receive the CTB then you will cotinue to receive it if you file for bankruptcy.

Student loans are more complicated – you need to have been out of school for more than 7 years in order for student loans to be dealt with in a bankruptcy. The critical date is your “end of study date” – this is the last day you were registered as a student and it is the date the 7 year clock starts.