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Household income

Does the income of my children come into play with a consumer proposal?

Posted from: Newfoundland and Labrador

One Response to “Household income”

A licensed trustee said...

It may depending on the ages of your children and the nature of thei income. For example, if your 12 year old has a paer route and earns $20 a month no one will expect you to declare it. IF on the other hand your child is 32 and living at home then you will be expected to include thier income.

This is something to discuss with your trustee BEFORE you file.