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Business Solutions

Debt Solutions tailored to the Business Owner

How to Settle Unpaid Taxes

Many Canadians have unpaid amounts owing to Canada Revenue Agency (“CRA”). This debt can be significant and include any of the following amounts:

1. Personal income tax and HST owed by self-employed individuals;
2. Personal income tax owed by employees or retirees;
3. Payroll deductions;
4. Directors’ liabilities;
5. Overpayments of various credits;
6. Interest and penalties;

CRA is a very powerful creditor and can garnishee paychecks, seize bank accounts and lien properties without a court order.

Although you may qualify for a reduction of penalties and interests under a Tax Relief Program, CRA will not voluntarily negotiate or reduce the principal amount owing.

The Secret Is: Unpaid taxes can be settled or completely eliminated by filing a Proposal or a Bankruptcy.

Filing a Proposal or a Bankruptcy will achieve the following goals:

1. Protect your wages and your assets so that CRA cannot seize;
2. In case of a Proposal, allow for the negotiation and settlement of all amounts owing for a fraction of what you owe. You make One Monthly Payment, with no interest.
3. In case of a Bankruptcy, all amounts owing to CRA will be completely eliminated once you get your discharge.

For more information contact us for a free confidential consultation in one of our offices in Ontario (Ottawa West, Ottawa South-West, Ottawa East, Cornwall, Sudbury, North Bay, and more), or click on:

What is a Consumer Proposal

Why Choose Bankruptcy

What is a Business Restructuring

Your way to financial relief starts here!

We’re here to answer your questions and get you back on track. Schedule your free consultation now in one of our locations in Ontario!

1.877.241.6018

Covid-19 / Update :

Facing this pandemic has thrown us all into uncertain and unprecedented circumstances. We want to act as fast as possible and ensure that we are taking any and all precautionary measures to avoid risk to the health and safety of our clients, our staff and our community.

As we do our part to minimize the spread of the virus, visiting our office will now be by appointment only until further notice. This new visitation policy will help us balance the need for social distancing while still being able to provide timely services in an effective manner based on individual circumstances.

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