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
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, two in five Atlantic Canadians acknowledge they need help to get out of debt (43%).
2025-03-05
MNP Consumer Debt Index Lifestyle Debt Debt Solutions
According to a new survey conducted by Ipsos on behalf of MNP LTD, three in 10 (29%) Saskatchewan and Manitoba residents acknowledge they need help to get out of debt.
