February 18th, 2008 by Questions
I`m self employed. When I filed for bankruptcy several months ago I was told my taxes would be covered. Now I`m told I have to pay CPP contributions. Can you advice?
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February 19, 2008 at 9:46 am, Barton Goth GCO Bankruptcy Trustees said:
You are correct that your taxes up to the date you filed bankruptcy will be covered (your pre bankruptcy return and anything previous). But CPP on self employed earnings is calculated at the end of the year on your post bankruptcy return and is something you are responsible for.