Canada Revenue Agency (CRA)

Canada Revenue Agency & Debt Forgiveness As the tax season approaches, many Canadians find themselves in a predicament. Some eagerly await a refund, while others dread the possibility of owing more than they have already paid. A common question that arises during these taxing times is, “Does the CRA offer debt forgiveness?” This article will … Read more

Navigating Your Way Out of Back Taxes: Understanding the CRA’s Payment Plan If you find yourself in a situation where you owe back taxes to the Canada Revenue Agency (CRA), it’s natural to feel overwhelmed. However, you’re not alone, and the good news is that the CRA offers a way out—a payment plan to help … Read more

Managing CRA and Tax Debt: Top 10 Strategies With an increasing number of individuals facing tax debts in Canada, it becomes crucial to understand the best ways to manage these obligations. In this comprehensive guide, we’ll give you 10 tips for dealing with CRA and Tax Debt Problems. These tips, backed by our experts, will … Read more

The COVID-19 pandemic brought forth an unprecedented economic crisis, leading to significant income loss for numerous Canadians. In response, the government introduced the Canada Emergency Response Benefit (CERB), a temporary relief program intended to provide financial assistance. However, the quick launch of the program, coupled with its complex eligibility criteria, led to some Canadians receiving … Read more

Navigating Personal Income Taxes and Interactions with the CRA Canadian citizens often find themselves at a crossroads when it comes to comprehending the national tax system and their relationship with the Canada Revenue Agency (CRA). Unfortunately, this lack of clarity often leads to tax returns not being filed on time and tax debts not being … Read more

Handling Debt Letters from the CRA: A Comprehensive Guide If you’ve been on the receiving end of debt letters from the Canada Revenue Agency (CRA), you know the fear and anxiety they can invoke. This guide will help you understand why you’re getting these letters and what you can do about them. Introduction It’s common … Read more

Understanding CRA Super Priority and Implications for Mortgage Lenders As a mortgage lender, you’re no stranger to the concepts of risk and trust. But when it comes to lending to a self-employed individual, a new layer of complexity is added to the mix: the CRA Super Priority. This term refers to the legal stipulation that … Read more

There is CRA Taxpayer Debt Relief: Do You Qualify For The Program? In the realm of tax obligations, the Canada Revenue Agency (CRA) holds a significant role. Nonetheless, there are instances when taxpayers, due to unforeseen events or circumstances beyond their control, find it challenging to fulfill their tax duties on time. The CRA Taxpayer … Read more

Understanding The Collection Rights The CRA Holds The Canada Revenue Agency (CRA) is a governing body that bears the responsibility of collecting taxes from individuals and businesses. The nature of tax debts differs significantly from regular debts like credit card dues as they are not loans but a result of a calculation under the Income … Read more

Dealing with CRA Tax Debt: A Comprehensive Guide Navigating the labyrinth of tax debt can be challenging, especially when you’re dealing with the Canada Revenue Agency (CRA). You might be hoping for a form of CRA debt forgiveness, but unfortunately, this is not a common occurrence. However, there are options available to alleviate your tax … Read more

CPP And OAS Garnishment: Understanding the Power of the CRA The Canada Revenue Agency, often abbreviated as CRA, is not your typical creditor. Various misconceptions may paint a different picture, but the fact remains that the CRA has more authority than standard creditors like credit card companies. Hence, it is crucial to understand that the … Read more

An Unrivaled Guide: 5 Steps to Follow If You Can’t Pay Your Taxes Tax season can be a nerve-racking time, especially when you discover you owe money and there’s no refund in sight. Whether the amount is small or large, if you can’t afford to settle it, it’s essential to know the steps to take. … Read more

Wage garnishments can be distressing for those in debt, but when the CRA is involved, life can become even more complex. This handy guide provides advice and answers to questions like ‘How much can CRA garnish?’ If you have outstanding debts, wage garnishment is one of the most significant causes of worry and stress. Unfortunately, … Read more

Can I Discharge Tax Debt By Going Bankrupt? An unexpected tax bill can arrive at any time, which means you could find yourself struggling to manage tax debt suddenly and without warning. If you’ve been registered with the wrong tax code or have made a mistake when filing your taxes, for example, reassessment could mean … Read more

Dealing With the CRA Tax is a fundamental component in society, and it wouldn’t be possible for great nations to form in the modern world without this mechanism. People contribute a small amount of their own money to help fund their government, keep their roads maintained, and a huge range of other areas that wouldn’t … Read more