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Ontario Health Premium in Bankruptcy


#1

Ontario Health Premium is supposed to be calculated only on the Post-Bankruptcy, but includes the income from the Pre-Bankruptcy. That is, line 1 of the table for the OHP on the ON428, Taxable Income is the total of both the Pre- and Post- Bankruptcy Returns.

It is also calculating on the Pre-Bankruptcy return. (opps!)


#2

Another issue - CPP contributions on self employment earnings are payable in the post-bankruptcy only.

If you want to have them payable in the pre-bankruptcy return, you have to write the CRA following the assessment of both the pre and post.