What happens if I can't pay the Canadian income tax that I owe?
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What happens if I can't pay the Canadian income tax that I owe?

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This topic contains 1 reply, has 1 voice, and was last updated by Avatar of Robert Robert 6 years, 11 months ago.

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  • #5011
    Avatar of Robert
    Robert
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    We have a question from a client:
     
    What happens if I can’t pay the Canadian income tax that I owe?

    #5012
    Avatar of Robert
    Robert
    Member

    If an individual has exhausted all options in paying outstanding taxes and is still unable to pay, the Canada Revenue Agency may be able to assist with a payment arrangement. However, consent from the CRA must be obtained; otherwise, serious penalties will occur up to and including legal action.

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