2008-11-18
When you file personal bankruptcy, both you and your Trustee will have certain duties that must be completed. One of them is to ensure that any tax refunds that would be available to the bankruptcy are dealt with. In your case, this will mean that you would have to provide the Trustee with the information for the returns and any refunds will be mailed to them. The GST refunds will be mailed to the Trustee as well. There is a section in the Bankruptcy & Insolvency Act which outlines whether or not these GST refunds will be returned to you at the end of your bankruptcy. That assessment normally can not be made until your bankruptcy is completed. But in the meantime, the refunds do get mailed to the Trustee. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
