Bankruptcy & Unsecured Debt
Unpaid income taxes can be stressful. And dealing with the Canada Revenue Agency (CRA) on your own can be intimidating, especially since the CRA can withhold tax credits, seize money in your bank account, and garnish your wages. They can also charge penalties and interest on the money you owe until your debt is paid in full.
Unpaid taxes can often be the largest debt for many Canadians. You do have options for repaying this debt, and a Licensed Insolvency Trustee (LIT) can help.
If you can’t afford to repay your current debt, you have options available for relief: