2026-06-25
Simple credit card tips: How to pay it off faster and keep your credit healthy
Learn how paying down credit card debt, checking your credit report, and managing utilization can improve your financial health.
Is Income Tax Debt Extinguished In A Bankruptcy
2011-06-24
Hello, Yes personal income tax debt is generally extinguished in a bankruptcy. However, there are instances where Canada Revenue Agency may be owed a substantial amount for GST, income debt, or source deductions and in response they may register a Certificate of Judgement on the title to your home. If this occurs before a bankruptcy takes place, the Judgment on title remains enforceable and essentially has the same effect as a mortgage i.e. it would survive the bankruptcy and the debt would have to be paid before the Judgment is removed. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
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