Surplus income

September 18th, 2012 by Questions

What is the ceiling on income per month before it is deemed surplus.
Is the amount before or after taxes

Posted from: Ontario


One Response to “Surplus income”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The surplus income obligation that you are referring sets a threshold for the amount of net income allowed before your cost of bankruptcy is increased.

The thresholds for 2012 are as follows:

1 person $1980
2 persons $2465
3 persons $3031
4 persons $3680
5 persons $4174
6 persons $4707
7 or more $5241

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