|
Bankruptcy Question & Answer Forum - Canada
Author: |
|
Weezy |
Date: |
|
November 11, 2005 |
Question: |
|
If I file for bankruptcy in December 2005 will it affect the amount of my tax return I receive in 2006.
|
|
 |
From: |
|
Bruce, Alger & Associates Inc. |
Date: |
|
November 14, 2005 |
Answer: |
|
It might. If you have loses carried forward, you will lose the ability to use those loses to apply to income going forward. If you have a debt carried forward, this will disappear with a bankruptcy.
Bruce Alger
phone: (403) 296-2970
balger@alger.ca
|
|
