Repaying Tax Debt

Thursday, January 30, 2014 - 05:00

Consumer Proposals, Bankruptcy, Business Concerns, Collection Agencies, Government Debt


Government debts including income tax, HST and payroll source deductions are no different than any other debts you may owe.

The only difference between Canada Revenue Agency and other creditors are their special collection rights. These rights include the ability to:

Collection action from the government, including these special rights, can be stopped and discharged by:

Use the Debt Options Calculator to find the best option to deal with your tax debt without filing for personal bankruptcy.

Latest Posts

What happens if you don’t have enough money to pay your tax debt?

For people who anticipate owing at tax time, it can be a very stressful time…especially if they are already in debt. It’s important to be aware of where you stand so that when tax time comes, you can be prepared. But for some people, it’s not that easy.  

March 11, 2019

Government Debt

What does your credit score mean?

Basically, a credit score is like a report card for your finan. Each purchase you make on credit affects a 3-digit score set between 300 and 900. The higher your score, the better your financial reputation.

March 5, 2019

Rebuilding Credit