FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Question

I am required to use my vehicle for work and I am paid a per kilometer allowance for this, Is this income?

Posted from: Nova Scotia

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One Response to “Question”

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

Yes, this would be considered part of your total income if you filed for bankruptcy. But when you try to calculate surplus you would be able to use any fuel or other costs relating to the business use portion of the vehicle to off-set this vehicle allowance.