house money
My girlfriend is going to be submitting for consumer proposal as the collection agencies keep calling. My question is how is the math worked out. I know my income is used to determine payment as well but why is my overtime factored into the math when it is not a guarantee source of extra income. Should it not be income after taxes/company pension etc. Because when applying for a loan ot is not included due to it not being a guaranteed source of income. thanks
Posted from: British Columbia
You should use your normal earnings after tax – if you regularly work overtime then it will be afactored in as part of what you normally earn. The easiest thing to do is take the last 3 or 6 months and use your average takehome per month…