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Do I lose my tax credits?

I have been a full-time student for the past four years and have accumulated $40,000 in education tax credits. Do I lose these when I declare bankruptcy?

Posted from: British Columbia

One Response to “Do I lose my tax credits?”

A licensed trustee said...

You should contact thye Canada Revenue Agency directly to confirm this, but I beleive you do.

The logic goes something like this… you may have incurred some of your debt in order to obtain the education. If you are not required to repay the debt you should not be entitled to the tax credits.