surplus income
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
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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.