Spouse’s tax refund

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


One Response to “Spouse’s tax refund”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

As long as it is not a joint bankruptcy I don’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.

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.)