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tax exempt income and bankruptcy

If my spouse is earning tax exempt income and is not bankrupting do we have to claim that income monthly on the forms. Our trustee is airing on the side of caution but this is not income in any other government paper work? Is this something a lawyer should answer?

Posted from: British Columbia

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One Response to “tax exempt income and bankruptcy”

A licensed trustee said...

The Bankruptcy and Insolvency Act includes any/all income received in the household when determining a person’s surplus income obligation. It is not open to interpretation – income is income is income no matter where it comes from.