2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
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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MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
