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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Garnisheed Wages

At what percent can your wages be garnisheed?

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One Response to “Garnisheed Wages”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

The answer to this depends on what province you live in, how much money you make, and the number of people in the household unit. In Alberta you are entitled to keep the first $800 of your take home income (net income), half of any remaining money you earn up to $2,400, and nothing above $2,400 (i.e. they can garnishee 100% of your income above the $2400 cut-off). These limits are then adjusted by $200 for each dependant in your care. For information pertaining to your local area I recommend contacting a local trustee and he will be able to explain the calculation that will apply.