April 15th, 2006 by Questions
I am planning bankruptcy. Can they take my wife’s tax refund if I am the only person declaring bankruptcy? Her refund is large (10,000) and she wishes to buy more RRSP’s
April 17, 2006 at 5:31 pm, Barton Goth, GCO Inc. Bankruptcy Trustees said:
As long as it is not a joint bankruptcy I donâ€™t see any way that the refund will be directly attacked. However, these monies should show up as Income as you do the surplus calculation, so indirectly there may be a slightly higher cost of bankruptcy than originally anticipated.
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