The Canadian government has launched a number of relief measures to assist Canadians during the COVID-19 crisis. These included the provision of additional benefits, temporary suspension of debt collection activities, and extension of tax...
You might have heard the phrase “the bark is worse than the bite.” But when it comes to Canada Revenue Agency (CRA) collections, the bite is definitely scarier. The CRA has many options available for collecting on unpaid tax debts – far more...
Your bank account is your source of financial security, but it’s not always so secure. A frozen bank account is something many people have to deal with, and if it happens to you, you’ll need to learn ow to make your bank unfreeze your...
It is a common misconception that the Canada Revenue Agency (CRA) is lax when it comes to prosecuting for tax evasion. While we may not hear about regular citizens being prosecuted on a regular basis, the reality is that the CRA is actually...
As the weather gets colder, some of us are happy to welcome the brisk cold weather – a break from the heat of the summer months, even if it brings with it some snow and frozen rain. However, when the freezing isn’t just taking place outside...
Last week we talked about wage garnishments, a very common form of collection action, and how to stop them. This week we thought we’d follow up by discussing another very common type of collection action, frozen bank accounts, and what you can...
Do you have a frozen bank account courtesy of the Tax Man? You’re not alone! Thousands of Canadians owe the tax man – this is a simple but often startling fact. Owing the Canada Revenue Agency (CRA) isn’t illegal, but that doesn’t mean...
We are approaching the end of January, and that means that tax time is approaching. Sure, it may be a few months away, but if you still owe income tax from last year, those months can seem like minutes. Really, at this point you’re spending on...
The holiday season is fast approaching, and that means a season of giving and joy – unless you owe money to the Tax Grinch. Unfortunately, even at the happiest time of the year, the CRA is determined to get money owed to them, and...
Spring has sprung and while the snow and ice may have melted, the truth may not be the same for your bank account. Having your bank account frozen is both embarrassing and can cause considerable unexpected financial problems – especially if...
Having your bank account frozen is not fun. A frozen bank account will paralyze your ability to pay your bills because essentially money can go in but no money can go out. Depending on who the authority freezing your bank account was, you may...
When an individual or business has a tax debt owing to the Canada Revenue Agency, the Canada Revenue Agency will begin to pursue enforcement action to collect the debt. One method that the Canada Revenue Agency uses to collect debt is by...
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