CRA Tax Payment Plans
Need a CRA tax payment plan - we can help you negotiate. Protect yourself by calling TSC today.
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Some people simply have tax debt and don’t have the money to pay it. Over time, interest continues to grow and the tax debt becomes even more difficult to pay. Some people get behind filing tax returns, knowing that they will soon have a tax debt that they will not be in a position to pay off.
If you know that a tax debt is owed or that a tax debt will be owed once you become compliant (i.e. file the required returns) and are just simply not in a position to pay it, then what you have or are about to have is a financial problem.
Trying to make a CRA tax payment plan directly with the CRA (Canada Revenue Agency) is dangerous. This is because, in consideration of accepting a short term payment plan from you, they will often want significant financial disclosure, such as where you bank, where you work and where you live. This is in the hope that in the future, when your CRA tax payment plan expires or if you miss a payment, they can use enforcement action on your income, home or bank account to force you to pay your tax debt in full.
We often negotiate CRA tax payment plans for our clients. In addition, we offer a host of other financial resources to those who want to raise the funds to pay off the CRA once and for all or for those who can’t pay and need financial relief.
Some of these services include:
- Direct CRA tax payment plans
- Securing financing through a loan or mortgage to pay the tax debt (subject to credit approvals)
- Tax settlements
- Credit counselling
- In extreme hardship cases we can help you take action to obtain formal protection from the CRA – this is available under federal law but can damage your credit. We recommend it only when necessary.
Farber Tax Solutions can help you successfully deal with CRA problems. We utilize the experience of our tax experts to:
- 1| Offer a comprehensive solution that is focused on achieving the most favourable possible outcome for your tax issue;
- 2| Communicate with the CRA on your behalf and navigate the entire CRA dispute process; and
- 3| Offer a complete solution to your tax problems, including ex-CRA professionals, lawyers, and experienced accountants.
James and his team are outstanding. When I called TaxSolutions I was in a panic. James listened to me, calmed me down, then told me what needed to be done and how he could help. Best call I ever made
Again I can’t thank you enough! My life has been far more calm in so many ways after meeting with you. I have had many family members and friends mention how happy I seem lately. It’s truly a reflection of your hard work and ability to do your profession so great!”
I don’t even know where to.begin or how to even thank you for lending an ear this morning. Without even seeing any type of documentation to support my situation .. you offered support, guidance and most of all kindness. THANK YOU from the bottom of my heart!!