Surplus income

October 6th, 2008 by Questions

If we have 4 people living in our home our threshold is $3303. If we don`t currently pay mortgage/rent will that fact change how our surplus income is calculated or is it based completely on the government threshold for a family of 4. I`m thinking that since we have more disposable income that maybe we would have to pay more…hope I`ve made sense.

Posted from: British Columbia

Questions

One Response to “Surplus income”



, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

The threshold is based entirely on your income. Your normal expenses have no impact on the surplus payment (with the exception of non-discretionary expenses like prescriptions or daycare cost).

So having no mortgage/rent payment will not have any impact on this calculation.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)