All Tax Debt Is Erased By Consumer Proposals
We’re always surprised by how few people know that tax debt is discharged by Consumer Proposals. This includes:
- Personal Income Tax;
- Source Deductions; and
- Director’s Liabilities.
Current Year Tax Debt
When including tax debt accrued in the same year that you file your consumer proposal you need to estimate that liability and include it in your list of debts at the time of filing. Your Trustee can assist you in making this estimate.