If the school years for which you borrowed the money ended more than 7 years ago, the loan is discharged when the bankruptcy or the proposal are completed. If it has been less than 7 years, the student loan is included, but will become due again when the files are closed. Do you take in government debt? I have student loans and debt with Revenue Canada.
Income tax debts are also included in a bankruptcy or proposal. You should be aware, though, that if the tax debt is significant, and especially if you have a history of non-filing, the tax department may become involved in your administration to ensure things are current and unlikely to fall behind again.
Are you concerned about CRA deadlines for filing and paying income tax? There have been several Government of Canada news updates regarding income tax for
What is the Canada Emergency Response Benefit (CERB)? This is a federal financial aid option to help business owners, employees, and self-employed get much-needed financial
The government of Canada is taking action in order to provide assistance and flexibility to Canadians facing hardship due to the Covid-19 virus. Not only