Prior to filing for a consumer proposal, are we required to file our 2010 tax returns?

November 17th, 2011 by Questions

Will my hubby and I have to be up-to-date with our CRA tax filings before we can file for a Consumer Proposal or can we leave the CRA out for now if filing a CP is time-sensitive (i.e. the sooner the better)?

We haven’t filed our 2010 tax returns but will either get a small refund or owe at most $2,000-3,000 each.

TIA.

Posted from: Ontario

Questions

One Response to “Prior to filing for a consumer proposal, are we required to file our 2010 tax returns?”


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

You should really discuss this with your trustee, but depending on how complicated your tax filings are, your trustee will be able to assist. At the very least they should be able to help you estimate what you will owe for 2010 and potentially the first part of 2011 and include those estimates in the proposal.

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