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

Tax Season For the Self-Employed

This year the deadlines for filing your 2017 tax return are as follows: April 30, 2018 for personal returns and June 15, 2018 for self-employed persons. Keep in mind, however, that any tax owing must still be paid by April 30, 2018.

February 15, 2018

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Q and A: Tax Season

With income tax season in full swing, I thought it would be a good time to answer some common questions that I hear regarding government debt and tax returns.

February 10, 2018

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Duties of a Bankrupt

Personal bankruptcy laws in Canada are governed by the Bankruptcy & Insolvency Act. Failure to complete your duties will delay your bankruptcy discharge so it is important you fully understand your requirements once you declare bankruptcy.

February 5, 2018

Bankruptcy