Alberta – Exempt Property
01. Food: 12 months’ supply.
02. Clothing: up to $4,000.
03. Household furniture and appliances: up to $4,000
04. One motor vehicle; up to $5,000
05. Health aids: no dollar limit.
06. Tools of your trade: up to $10,000.
07. Farm property: requirements for 12 months operations.
08. Principal residence: up to $40,000, reduced to your share if you are a co-owner.
09. Farm land: up to 160 acres.
10. Social allowance, handicap benefit or a widow’s pension if the proceeds from the payment are not intermingled with your other funds.
Statute: Read the Civil Enforcement Act.
For details on what you can keep if you go bankrupt in Alberta and the rules for bankruptcy exemptions in Alberta, please consult an Alberta Licensed Insolvency Trustee.
※ British Columbia – Exempt Property
1. Food and fuel: none.
2. Clothing: no dollar limit.
3. Household goods: up to $4,000
4. One motor vehicle: up to $5,000 (or $2,000 if you behind on child support payments).
5. Health aids: no dollar limit.
6. Tools of your trade: up to $10,000.
7. Farm property: none.
8. Principal residence: up to $9,000 (or $12,000 in Greater Vancouver or Victoria).
Statute: Read the Court Order Enforcement Act and Regulations.
For details on what you can keep if you go bankrupt in British Columbia and the rules for bankruptcy exemptions in British Columbia, please consult a British Columbia Licensed Insolvency Trustee
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