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Can I do anything about the taxes I owe to Revenue Canada?

Can I do anything about the taxes I owe to Revenue Canada?

Taxes I Owe To Revenue CanadaIn a bankruptcy, any amounts owing for personal income tax are included with your other debts. At the time you are discharged your tax debt will be eliminated along with your other debts.

In a consumer proposal , Revenue Canada is treated like all other creditors and will participate with other creditors in the proposal that you make to pay off your debts. If creditors accept payment of 30cents on the dollar owing then Revenue Canada will receive the same settlement.

 

Related articles:

  • Dealing With Tax Debt And CRA In Canada
  • 2013 Income Tax Season

 

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K.S. ( Mississauga )

 


 Can I do anything about the taxes I owe to Revenue Canada?

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