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What happens to an income tax refund in a consumer proposal

if you do a consumer proposal do you get your income tax return money back

Posted from: Ontario

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One Response to “What happens to an income tax refund in a consumer proposal”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

If you file a consumer proposal you typically are able to keep your income tax refund. Although, many people will use that refund to pay off a portion of their consumer proposal. This is a recommended practice as it can either build you up a bit of a credit in case you miss payments in the future, or it be used to pay the proposal off quicker.