Understanding Tax Debt & the Bankruptcy and Consumer Proposal Processes Many people who have tax debt look for options to help them pay their debts more easily. The Canada Revenue Agency (CRA) charges compound daily interest on any outstanding tax debt, which can...
Home » Tax Debt How Do You Solve Tax Debt Problems? If you owe money to the Canada Revenue Agency (CRA) it can be tough to pay this tax debt. That’s because the CRA charges compound daily interest on all outstanding tax debts, as well as penalties for filing late....
How to Handle Tax Debt and the CRA A lot of Canadians owe tax debt, and, in some cases, these debts can get very large. This is especially true in situations where tax returns were filed late or where tax debt hasn’t been paid on time. The Canada Revenue Agency (CRA)...
