Quote:
Originally Posted by theking
How well can one fare with a $1900 dollar a month income in Canada?
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i'm allowed more than 1900 (it's 1800 and something but can't remember the exact at the moment)
say i net $5000 after taxes and business expenses
I get to keep $1900 - call it $2k for easy math
the other $3K - I have to split in half with my trustee
so if I net $5K - I keep and get to spend $3.5K
if I net $10K
I get to spend $6K...
when I net $20K
I get to spend $11K
Basically there should be money in my estate for the creditors....unless the trustee charges too much LOL
there's a provision though if you make too much they can take 75% - which kinda demotivates me but hey - still not bad.....
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