Taxes Owing- Tax Debt : Tax tips

Negotiate an acceptable payment arrangement

If you owe money to CRA (Revenue Canada) and can't pay the full amount be sure to negotiate an acceptable payment arrangement with them so that they don't seize any of your assets.

Liabilities for unpaid Canadian Income Taxes are too high?

If your liabilities for unpaid Canadian Income Taxes are too high for you to pay you can consider either a formal Proposal under the Bankruptcy and Insolvency Act or going bankrupt.

Disclaimer:
"This article provides information of a general nature only. It may no longer be current. It does not provide legal advice nor should it be relied upon. If you have specific legal questions you should consult a lawyer."