Mounting tax debt is stressful and can make it difficult for you to see a clear path forward. If you’re struggling to pay back the CRA, the D. & A. MacLeod Company Ltd. team can help. Our compassionate licensed insolvency trustees (LITs) will assess your financial situation and determine the best course of action to help you resolve your pressing tax debt issues. Please don’t hesitate to contact us today for a free consultation.
WHERE TO START? MAKE PAYMENTS IF POSSIBLE
WHAT HAPPENS IF YOU DON’T PAY?
DOES THE CRA FORGIVE TAX DEBT?
OUR LICENSED INSOLVENCY TRUSTEES CAN HELP
Income tax and other tax debts are unsecured debts. Therefore, they can be reduced or eliminated by completing a formal consumer proposal or filing for personal bankruptcy through a licensed insolvency trustee (LIT).
Although declaring bankruptcy will eliminate all your tax debt, it may require you to surrender some of your non-exempt assets On the other hand, a consumer proposal allows you to pay off your debt, either by making smaller payments than what you owe or giving you more time to pay it off.
A licensed insolvency trustee from D. & A. MacLeod Company Ltd. can help determine which option is best for you. You can count on us to address any of your concerns and ease your stress.
BOOK A TAX DEBT CONSULTATION IN PERSON OR AT VIRTUAL LOCATIONS ACROSS ONTARIO
If your tax debt is causing you financial hardship and a spiralling debt snowball, the team at D. & A. MacLeod Company Ltd. can help. Our licensed insolvency trustees are experts in negotiating with the CRA and eliminating tax debt through either a consumer proposal or personal bankruptcy.
Contact us today to learn more about our services or schedule a free consultation. We have offices in Brockville, Cornwall, Kanata, Kingston, Ottawa, Pembroke and Smiths Falls, and virtual appointments anywhere in Ontario. We’re committed to helping you find a new beginning™.