OUTSTANDING TAX BALANCES
Tax debt
solutions.
Understand what you owe and discuss practical options for dealing with an outstanding CRA balance.
Tax debt
HOW WE HELP
First, understand the balance.
An outstanding balance may include tax, penalties and interest. Missing returns can make the picture harder to understand. We help review the account, identify related filing work and discuss the options relevant to your circumstances.
01
Review the account
Understand the balance, the periods involved and any missing filings.
02
Discuss payment options
Review your circumstances and the information needed to discuss an arrangement with the CRA.
03
Consider relief requests
Discuss whether a request relating to penalties or interest may be relevant. Eligibility and approval are not guaranteed.
What to have ready.
- Recent CRA account statements and collection letters
- A list of outstanding returns, if any
- A current picture of income, expenses and payment capacity
START WITH A CONVERSATION
Missing something?
That’s okay.
Tell us what you have. We will explain which records are needed for the agreed work.
FAQS
Common questions.
Can I pay the CRA over time?
A payment arrangement may be possible depending on your situation. The CRA must accept the arrangement and its terms.
Can you erase my tax debt?
No outcome is guaranteed. We can help you understand the balance and discuss the options that may apply.
Does asking for relief stop interest?
Do not assume interest or collection activity stops because a request has been made. The account and applicable rules need to be reviewed.
RELATED SERVICES
You may also need.
Personal Tax Filing Catch-Up
Corporate Tax Filing Catch-Up
CRA Representation
Let’s work out the next step.
Tell us what you need help with. We will discuss the work involved and how to begin.