Child Tax Benefits underpayments
August 22nd, 2005 by Questions
I am in the middle of a personal bankruptcy, to be eligible for discharge in two months. I have just received a large cheque from Revenue Canada that represents underpayments owed on Child Tax Benefits. This was calculated after my Trustee filed Income Tax for the past five years as part of my bankruptcy. Am I required to give up the Child Tax Benefit funds to the Trustee or report it as income and have all or a portion allocated to debtors?
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.)