Surplus Income Bankruptcy Calculator

Calculate your monthly surplus income payments in 3 easy steps to determine what it might cost to file bankruptcy. This will provide an estimate of additional payments you may have to make in a bankruptcy.

To confirm what your surplus income payments will be, talk to one of our Ontario bankruptcy trustees. If your surplus payments are high, our Licensed Insolvency Trustees can talk to you about other debt relief options to lower your monthly payments.

Step 1: Enter the number of people in your family

Select Family Size (including yourself):

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*Your Monthly Income Threshold is:

$2,610

*The monthly income threshold defines the portion of your income that you are allowed to keep. Thresholds are set by the Superintendent of Bankruptcy and are based on your family size.

The monthly income threshold defines the portion of your income that you are allowed to keep. Thresholds are set by the Superintendent of Bankruptcy and are based on your family size.

Step 2: Enter Your Monthly Family Income

Net (take home) family income from employment: Voluntary payments (i.e. RRSP, RESP): Social Assistance: Pension Income: Other:

Total Monthly Income:

Step 3: Enter Your Monthly Family Deductions

Support payments: Child care expenses: Medical expenses: Court fines: Other:

Total Monthly Deductions:

Calculate Surplus Income Payment

Your total monthly income or total monthly debts cannot equal 0.