surplus income

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

One Response to “surplus income”

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.