Income tax after bankruptcy discharge

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SBC7

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Income tax after bankruptcy discharge
« on: January 04, 2014, 11:32:58 AM »
I am likely to get back to start earning a decent income soon (my bankruptcy has now been discharged) & would like to know if I have to pay Income tax as a normal individual or are they any concessions from Revenue Canada so that I could get back on my feet 100% .

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Nevergiveup

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Re: Income tax after bankruptcy discharge
« Reply #1 on: January 04, 2014, 05:03:50 PM »
dear sbc7,
You will have to pay taxes like individual, there is no concession with Revenue Canada,  you are either in tax bracket of low income, 20%, 40%...etc  depending of your income.

All the best.

 

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