senior citizen

June 15th, 2012 by Questions

General question: Revenue Canada has taken CPP for income taxes owing and now OAP has been applied for and they apparently can take this too. Question: If bankrupcy is declared can CPP and OAP be reinstated. There is little or no other income Thank you

Posted from: British Columbia

Questions

One Response to “senior citizen”


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

If you file for bankruptcy there is an immediate Stay of Proceedings that is put in place. What this does it immediately revokes your creditors rights to seize or garnish any funds for payment of past debts and this would include CRA. So yes, if you filed for bankruptcy your CPP and OAP would then start coming back to you.

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.)