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Answer: Personal bankruptcy does discharge debts you owe personally to Canada Revenue Agency (formerly called Revenue Canada) for GST and income tax.
However, you, or your trustee, is required to file outstanding tax returns. If the returns are not filed, Canada Revenue Agency can oppose your discharge from bankruptcy. We therefore recommend that you gather the information necessary to file the outstanding tax returns and either have your accountant prepare the tax returns before you go bankrupt, or bring the information to your Calgary bankruptcy trustee to determine how best to proceed with your bankruptcy.
Labels: bankruptcy Calgary, bankruptcy trustee
posted by Questions @ 9:23 AM
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