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Filing for Bankruptcy: What Happens to Your Tax Refund

Posted by in Tax
17
Aug 2020
First, tax refunds are considered to be an asset. When you file for bankruptcy under the Bankruptcy and Insolvency Act performed by Industry Canada, your trustee will become the administrator of your assets. This means that your income tax refunds for all the years you had not yet received them—until the year of ...


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RESP 101: How to Open an Resp Account in Canada

Posted by in Children's Future
3
Aug 2020
The Canadian government allows its citizens to contribute towards saving for their children’s post-secondary education via the Registered Education Savings Plan (RESP Canada). The plan receives contributions from both individuals and government grants, with the growth and investment returns sheltered from all taxes until you ...


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