It’s Tax Time: What to Keep in Mind It’s April and that means it’s tax time. If you haven’t completed your income taxes yet, remember that most Canadian income tax and benefit returns for 2016 are due April 30, 2017. However, since April 30 is a Sunday this year, the...
Garnishment is a court order directing that money or property of a third party (usually wages paid by an employer) be seized to satisfy a debt owed by a debtor to a creditor. When you fail to pay creditors the money you owe them, they may apply to court to seek a...
Settling debt with the CRA Many people struggle with Canada Revenue Agency (CRA) debt for a long time, feeling that there isn’t much that can be done about it. For some reason, there is a misconception that tax debt can not be included in a bankruptcy or consumer...
I met with a gentleman who was anxious to file bankruptcy as soon as he possibly could. He was currently on Employment Insurance benefits, but owed taxes to CRA. He was looking for work and did not want to risk CRA garnishing his wages with any new employer. He...
A common issue has resurfaced time and time again in discussions with people who are in sales or are self-employed. They tend to enjoy spending time growing their business and cringe when they have to do any form of administration. Eventually the workload becomes so...
