Error on income tax return filed by trustee
July 22nd, 2013 by Questions
My trustee filed my income tax return but there was an error on it. CRA paid out to my trustee a refund that was greater than it should have been. The CRA says the excess funds must be claimed as income on my next year’s tax return.
So, do I have to claim this new income on my monthly income/expense report to my trustee, even though the money never came to me?
And shouldn’t trustees be more responsible when filing a bankrupt’s taxes?
Posted from: British Columbia