Tax Debt Help in Canada
Is your tax debt mounting? Don’t let it take over – contact our team today and take back control of your finances. A debt-free life is just a call away.
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Managing back taxes and tax debt
Tax debt is a problem that can sneak up on you very quickly. It can cause you headaches in the present and in the future if you don’t know how to deal with it. Luckily, there is debt help available from a Licensed Insolvency Trustee (LIT) such as Harris & Partners Inc.
What is tax debt?
Tax debt results from owing money on your income taxes after you have filed your tax returns. Generally, you should be able to work out a payment plan with Canada Revenue Agency, but in the event that you are not, other options are available.
What are your tax debt relief options?
The first step to dealing with tax debt is to file any outstanding tax returns. Many people feel overwhelmed and confused by doing this, but you don’t need to worry – there are several options available to help, including software and CRA guides.
It is important to file even if you think you owe money. Failing to file your taxes properly can incur additional fees, leading to a greater amount owed. If you find that your debt is over $10,000, then you should get an accountant or tax preparer to review your returns and ensure you are taking advantage of all the possibilities under the Income Tax Act to reduce what you owe. If you are genuinely unable to pay at all, then you have a few options available to you:
- Apply to the CRA under Taxpayer Relief Provisions
- File a consumer proposal
- File for bankruptcy
Example Savings: Tax debt relief
Your Potential Debts:
Your monthly repayments over a 60-month period would be
Before Help
$1,409
After Help
$210
Monthly payments are determined based on individual financial factors
How Much Could I Save?Helping Canadians with tax debt relief and more
Browse Debt Review Options in Canada
Why choose us for consumer proposals in Ontario?
Our Licensed Insolvency Trustees can provide a customised consumer proposal that could shrink your debt by up to 80%.
Our multilingual team offers debt support in Farsi, Portuguese, Italian, Tamil, and more, so you can feel comfortable every step of the way.
With offices in nine provinces, we offer in-person debt support across Canada—from Atlantic provinces to Ontario to British Columbia.
Expert tax debt advice from Harris & Partners
Are you starting to feel the weight of your tax debt? Our Licensed Insolvency Trustee can help you lighten the load.
No matter what route you choose, you can rest assured we will always have your best interests and financial freedom in mind. From consumer proposals to filing for bankruptcy, we can help you find the best debt solution available.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca