What to Do if You Have a Large Tax Debt That You Can’t Pay
Many of us have been there; sitting with a major tax debt with no foreseeable way to pay it off. This is a common and incredibly stressful situation to find yourself in. The Canada Revenue Agency is ruthless, and when money is owed, you can’t ignore the issue. This week we discuss what you can […]
What is the Difference Between a Consumer Proposal and Bankruptcy?
Often we have clients come to us with financial troubles looking for advice regarding the difference between a consumer proposal and bankruptcy. While both are very valuable resources when it comes to dealing with debt that has spiraled out of control, there are significant – and important – distinctions between the two. Today we discuss […]
Does CRA Collections Need a Court Order to Take Enforcement Action?
When you owe money to the Canada Revenue Agency, it is very different from owing money to a regular creditor, but at the same time very similar. While a regular creditor can indeed take measures to collect the debt, the same measures taken by the CRA, CRA collections doesn’t need to follow the same route. […]
2017 Budgeting Tips: Planning for the Year Ahead
Many Canadians start a new year with a resolution to get their finances in order. Creating and maintaining a budget is a great place to start. This week, we’ve got the 2017 budgeting tips that will help you build a plan and stick to it. 2017 Budgeting Tips: The first step in creating a successful […]
CRA Wage Garnishments – What You Need to Know
A few weeks ago we dedicated a blog to Canada Revenue Agency tax problems and how to approach a tax debt before attempting to make a payment arrangement. This week we follow that up with a discussion of what to do once the CRA has levied enforcement action against you, specifically in reference to a […]
Dealing with Holiday Debt in 1-2-3
The holiday season is officially behind us and that means kids are back at school, the parties are over, and the decorations have been taken down. It also means that the holiday bills are on their way if they haven’t already arrived. We all want to give our families a great holiday, and often that […]
Tax Problem Tips – Is the CRA Friend or Foe?
The tax season is just a few short months away, and that means, Canadians are getting ready to break out the calculators. If you’re on top of your taxes, a few days of hassle are quickly followed by a year of not worrying. However, if you owe a tax debt, or are nervous that one […]
How to Choose the Right Ontario Mortgage Broker
If you are considering buying a home or want to refinance, you may be wondering which route is the best to take to obtain financing. Today we talk about mortgage brokers and how to choose the right one to best suit your needs. Often, when individuals set out to obtain mortgage financing, their first thought […]
Yes, the CRA Does Prosecute for Tax Evasion – Are You at Risk?
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 quite aggressive. Don’t believe us? Not only does the CRA prosecute on […]
Best Wishes from the DebtCare Team
May every happiness greet you this holiday season! We hope your days are filled with laughter and love, good tidings and great friendship. The DebtCare team wishes you Happy Holidays and all the best for 2017!