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	<title>GrossmanCGA - How can I help?surplus income | GrossmanCGA &#8211; How can I help?</title>
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	<description>Independent advice in your best interest</description>
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		<title>We&#8217;ve got the 2011 Superintendent&#8217;s Standards for Surplus Income in Bankruptcy</title>
		<link>http://grossmancga.com/site/2011/03/11/weve-got-the-2011-superintendants-standards-for-surplus-income-in-bankruptcy/</link>
		<comments>http://grossmancga.com/site/2011/03/11/weve-got-the-2011-superintendants-standards-for-surplus-income-in-bankruptcy/#comments</comments>
		<pubDate>Fri, 11 Mar 2011 19:16:21 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[standards]]></category>
		<category><![CDATA[superintendant]]></category>
		<category><![CDATA[surplus income]]></category>

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		<description><![CDATA[We have updated our section on surplus income in bankruptcy with the new, 2011 Superintendent&#8217;s Standards here: http://grossmancga.com/site/canadian-bankruptcy-rules/surplus-income-in-canadian-bankruptcy/sample-calculation-of-surplus-income/]]></description>
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		<title>A Corporate Divorce Alternative When the Butterfly Won&#8217;t Fly</title>
		<link>http://grossmancga.com/site/2010/10/21/a-corporate-divorce-alternative-when-the-butterfly-wont-fly/</link>
		<comments>http://grossmancga.com/site/2010/10/21/a-corporate-divorce-alternative-when-the-butterfly-wont-fly/#comments</comments>
		<pubDate>Thu, 21 Oct 2010 15:10:01 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[court]]></category>
		<category><![CDATA[CRA]]></category>
		<category><![CDATA[guides]]></category>
		<category><![CDATA[surplus income]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=1294</guid>
		<description><![CDATA[By Pierre Alary of Gowling Lafleur Henderson LLP  I.   Introduction  Sometimes, two is better than one. A company in dire straits can potentially attain success by dividing itself into two separate entities. Whether the issues plaguing the company are financial or philosophical in nature, a separation of the business should be considered by corporations and...]]></description>
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		<title>ITA Section 84.1 still a trap for the unwary: Emory v the Queen, 2010 TCC 71</title>
		<link>http://grossmancga.com/site/2010/04/05/ita-section-84-1-still-a-trap-for-the-unwary-emory-v-the-queen-2010-tcc-71/</link>
		<comments>http://grossmancga.com/site/2010/04/05/ita-section-84-1-still-a-trap-for-the-unwary-emory-v-the-queen-2010-tcc-71/#comments</comments>
		<pubDate>Mon, 05 Apr 2010 13:39:05 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[CGA]]></category>
		<category><![CDATA[court]]></category>
		<category><![CDATA[CRA]]></category>
		<category><![CDATA[surplus income]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=921</guid>
		<description><![CDATA[By Jennifer Smith, Ernst &#38; Young LLP, Ottawa     In a clear and concise judgment, the Tax Court of Canada applied section 84.1 of the Income Tax Act (ITA) to a disposition of shares by the taxpayer, resulting in a taxable dividend of $400,000 instead of a capital gain eligible for the capital gains exemption....]]></description>
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		<title>The 2010 Superintendent&#8217;s Standards for Surplus Income are here!</title>
		<link>http://grossmancga.com/site/2010/03/11/the-2010-superintendents-standards-for-surplus-income-are-here/</link>
		<comments>http://grossmancga.com/site/2010/03/11/the-2010-superintendents-standards-for-surplus-income-are-here/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 20:54:55 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=874</guid>
		<description><![CDATA[I have now posted the newly released Superintendent&#8217;s Standards for surplus income for 2010. I have also updated the Sample Surplus Income Calculation. The Superintendent’s standards  are derived from the Low Income Cutoffs (LICO) released by Statistics Canada. The Superintendent of Bankruptcy uses the before-tax LICO for urban areas with 500 000 people or more.The 2010...]]></description>
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		<title>New Sample Calculation of Surplus Income</title>
		<link>http://grossmancga.com/site/2010/02/11/752/</link>
		<comments>http://grossmancga.com/site/2010/02/11/752/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 18:33:38 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy and insolvency rules]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=752</guid>
		<description><![CDATA[The most frequent question asked on this site is, “How much is my surplus income requirement?” (Surplus income is the amount of monthly income that a bankrupt must share with his creditors during the period of bankruptcy.) I have now provided a sample calculation of surplus income, with a downloadable spreadsheet that can be modified for specific...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Your firm&#8217;s guide to dealing with consumer debt</title>
		<link>http://grossmancga.com/site/2009/11/02/your-firms-guide-to-dealing-with-consumer-debt/</link>
		<comments>http://grossmancga.com/site/2009/11/02/your-firms-guide-to-dealing-with-consumer-debt/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 19:52:23 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Advisors' guides]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[consolidation]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[guides]]></category>
		<category><![CDATA[liability]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[surplus income]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=344</guid>
		<description><![CDATA[We have published our version of the booklet, Dealing with Debt &#8211; A Consumer&#8217;s Guide, originally published by the Office of the Superintendent of Bankrupty, Industry Canada.  We have also made available a Word version of the booklet that is suitable for customization by your firm for use with clients who face insolvency. If you...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Canadian bankruptcy laws recently changed</title>
		<link>http://grossmancga.com/site/2009/09/20/how-canadian-bankruptcy-laws-recently-changed/</link>
		<comments>http://grossmancga.com/site/2009/09/20/how-canadian-bankruptcy-laws-recently-changed/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 14:52:43 +0000</pubDate>
		<dc:creator>Eric Grossman, CGA</dc:creator>
				<category><![CDATA[Bankruptcy law changes]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[proposal]]></category>
		<category><![CDATA[surplus income]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://grossmancga.com/site/?p=49</guid>
		<description><![CDATA[Highlights of the 2009 changes to Canada's insolvency regime, including new rules for bankruptcy, CCAA proceedings, and proposals.]]></description>
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