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surplus income

I am a bit confused as to which figure is used to determine surplus income. Is it your income before or after taxes?

Posted from: Ontario

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One Response to “surplus income”

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

When you are doing the surplus income calculation you have to use your net income (after tax income). If you used your gross (before tax) then you would end up paying far more than you should.