Mrs.
Hi. I need to know if the taxes on excess TFSA amounts for a year before the bankruptcy are included in the bankruptcy. I recently received a TFSA Notice of Assessment showing BO, Please advise.
Thank you
Posted from: Ontario
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Hi. I need to know if the taxes on excess TFSA amounts for a year before the bankruptcy are included in the bankruptcy. I recently received a TFSA Notice of Assessment showing BO, Please advise.
Thank you
Posted from: Ontario

Yes, either bankruptcy or a consumer proposal will deal with this problem.