Income Contribution Threshold
Income Thresholds before Income Contributions become Payable
(after tax & s139N deductions):
$47,693.10 - No Dependents
$56,277.86 - 1 Dependent
$60,570.24 - 2 Dependents
$62,954.89 - 3 Dependents
$63,908.75 - 4 Dependents
$64,862.62 - 5+ Dependents
Maximum Dependant Income - $3,181.00
Part IX Thresholds
To be eligible to proposal a Part IX Agreement:
$71,539.65 - Income (after tax)
$94,530 - Available Assets (after secured debts)
$95,386.20 – Unsecured Creditors
Meeting Convening Periods
Notice period for bankruptcy meetings:
Reasonable notice of meeting
Deadline for Virtual Meetings:
Trustee to specify the end of voting
Holding Part X meeting:
within 25 business days from date of appointment
Holding change of trustee meeting:
At any time with 7 days notice of meeting
Streamlined Change of Trustee:
at any time with at least 10 days notice
Asset Allowances
$3,500.00 - Tools of Trade allowance
$7,050.00 - Motor Vehicle Allowance
$5,043.00 - Obtaining Credit without Disclosure