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reassessment

while in a consumer proposal and you get a reassessment from cra and there is a bit more money owing, how does that affect your proposal.

Posted from: Ontario

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One Response to “reassessment”

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

I would suggest you talk to your trustee, but as long as the reassessment is marginal then the consumer proposal will simply absorb it. But if it is a material change there may be a different approach that has to be taken. Make sure you contact your trustee to not only notify them of the change but to discuss whether there is anything additional you need to do.