Owing money to the tax department is not a pleasant situation to be in, however there are many that do find themselves in this predicament. There can be a number of reasons as to why this has happened but one thing is for sure and that is the CRA will do whatever is necessary…
There are times when some individuals become so debt ridden which includes a large debt to the CRA that they feel they have no other option but to claim bankruptcy. This is a serious decision and not one that should be made out of panic, or without thoroughly researching other possible solutions. One thing…
If you owe money to the tax department it may be that you are really apprehensive as to what actions they may take against you to collect this debt. Or you may be the type of person who feels that you just don’t have any money so there is nothing for the tax man…
While nobody likes the thought of having a tax bill over their heads, they often take solace in the fact that it is hard for credit gatherers to determine the amount owed because of the Privacy Policy of the CRA and not releasing confidential information. There is a time though where this information can end…
