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 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!


Covid-19 / Update :

During this pandemic Licensed Insolvency Trustees were listed as an essential service by the provincial government and our company continued to carry on doing business albeit in a different capacity as we did our part to minimize the spread of the Coronavirus. Now that our economy is reopening, we have updated our business operations so that we may continue to serve you in a safe manner. We’ve worked hard to put all the necessary protocols in place to keep you and our team safe.

Our offices are now completely open again for regular business hours. We will however, continue to conduct as many meetings as possible virtually and we will continue to have many of our employees work from home to keep traffic in our offices to a minimum. We also encourage you to call or email the office before stopping in because during this pandemic there have been many changes to allow us to serve you virtually than before.

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