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New Member
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May 31, 2010, 05:58 PM
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Can Revenue Canada seize scholarship money
I owe money still on an old student loan and an overpayment on my child tax benefit. I am going back to school now to improve my work prospects. Can Revenue Canada seize money I get from scholarships to pay for those old debts, or is it only tax return and wage money they can seize?
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Expert
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Jun 1, 2010, 05:57 AM
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They can seize anything in your bank account. Where is the scholarship money ? Has RevCan notified you of their intentions ?
Tick
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New Member
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Jun 1, 2010, 10:14 AM
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They have not seized anything in my bank account before, just taken my tax returns before they get to me. I do not have the scholarships yet; should I put them in a joint account with someone else?
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Expert
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Jun 1, 2010, 12:39 PM
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Your name or social insurance number should not be mentioned anywhere in the bank accounts. Even joint accounts are easily taken. If it comes in a certificate, have them send it directly to your home. Not using your SIN # is key to keeping them safe.
I will research this a little further, so I will keep your posted.
tick
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Expert
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Jun 1, 2010, 01:10 PM
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It seems, gradgirl, we are already on Google with this thread. I would advise re-instating your PM feature here. Why did you not pick that option when joining?
Tick
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New Member
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Jun 1, 2010, 02:11 PM
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tickle, I am unsure what you mean by PM feature, and do not recall any such option showing up when I joined. Could you guide me through what you mean? Also, do you know if, like tax refund money, Revenue Canada can seize that scholarship money from the source - i.e. before it ever gets to me?
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Expert
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Jun 2, 2010, 02:34 AM
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No, they can't seize it from the source. As for the PM feature, you have to be on here a certain length of time before you can subscribe to the Private Messaging system; forgot that.
Tick
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