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INCOME TAX RETURNS

I DECLARED IN AUGUST OF 08,MY TRUSTEE WANTS 2 TAX RETURNS,1 FROM THE FIRST OF THE YEAR UP TO THE DATE OF MY BANKRUBCY,AND ONE FROM AUGUST TO THE END OF THE YEAR,,WHY MUST I DO THIS?

Posted from: Nova Scotia

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One Response to “INCOME TAX RETURNS”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You must do this because it is a legal requirement of the bankruptcy. The legislation stipulates that taxes must be done this way so that CRA can determine if there is any tax debt that is written off prior to bankruptcy and failure to do this will result in you not being eligible for a discharge, and if you are discharged already it will be annulled.