How do I handle income tax returns and GST Refunds?
The Trustee prepares a pre-bankruptcy tax return from January 1st to the date of bankruptcy and any refund for that period, as well as refunds of previous years not yet received, will be kept by the Trustee. A post-bankruptcy tax return for the period from the date of the bankruptcy to December 31st may be completed by the Trustee. Any refund resulting from this tax return may be assigned to the Trustee. Any taxes payable regarding this post-bankruptcy return must be paid by you whether or not you are discharged.
