July 9th, 2012 by Questions
what is the minimum amount that is considered “surplus” income, ex being home of one parent one child home income of 15,000 yr
Posted from: Ontario
July 09, 2012 at 10:16 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
There is a guideline sent to every trustee in Canada that stipulates a threshold. If you make less than the threshold then you qualify for the minimum cost of a bankruptcy. However, if you make more than the threshold you then have to pay surplus. For a household of 2 the threshold amount is $2,465.00, please note this is an after tax figure.
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