surplus income

July 9th, 2012 by Questions

what is the minimum amount that is considered “surplus” income, ex being home of one parent one child home income of 15,000 yr

Posted from: Ontario

Questions

One Response to “surplus income”


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

There is a guideline sent to every trustee in Canada that stipulates a threshold. If you make less than the threshold then you qualify for the minimum cost of a bankruptcy. However, if you make more than the threshold you then have to pay surplus. For a household of 2 the threshold amount is $2,465.00, please note this is an after tax figure.

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.)