CANADIAN ASSOCIATION OF INSOLVENCY AND RESTRUCTURING PROFESSIONALS (CAIRP) / Association canadienne des professionels de l'insolvabilité et de la réorganisation (ACPIR)
Registration:
13
of
22
(2009-07-20
to
2010-03-30)
Legislative Proposal, Bill or Resolution
- Amend the Income Tax Act (ITA) to provide a deemed year end for proposals, since it already exists for bankruptcy.
Policies or Program
- HRSDC - CANADA STUDENT LOANS. Although the provision for student loans in C. 36 (Statutes of Canada) has come into force, we would still like to reduce the waiting period of 7 years before a student loan may be discharged in a bankruptcy for 7 years. We wish to work with HRSDC so that collection procedures are not harsh and harrassing and to make it easier for students to pay their obligations, even though the schooling, courses, etc. for which they incurred the loans did not result in incomes that make repaying the debt easy.
- TREATMENT OF HRSDC CLAIMS IN BANKRUPTCY; i.e. HRSDC is characterizing overpayments to individuals (for example EI payments) as fraudulent. If the payments were received as a result of fraud, they would not be discharged when the individual went bankrupt, acording to s. 178 of the BIA. The problem is that HRSDC makes the detreination of fraud internally and we believe that only a court or properly constituted tribunal can make a finding of fraud. We believe the ALbeta out of appeal decision in re: Bourassa supports our position.
Regulation
- Amend the Wage Earner Protection Program Regulations concerning eligibility for and quantum of compensation for trustees and receivers who must file the Trustee Information Form and determine employee eliibility for benefoits under the Wage Earner Protection Program Act, adminsintered by Human Resources and Skills Development Canada (HRSDC).