Can I keep ta refund?

May 24th, 2011 by Questions

Hi There

If I filed for bankruptcy in 2011, I understand that i would have to give the creditors my 2010 refund. Do I get to keep my 2011 refund?


Posted from: Ontario


One Response to “Can I keep ta refund?”

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

As part of any bankruptcy you automatically lose tax refunds for the year you file for bankruptcy (2011) and any prior years (2010, 2009 etc.). This is written into the legislation and is the same across Canada.

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.)