10 - CRA Tax Debt Relief in Canada
Play • 17 min

No one likes to pay taxes. But pay them, you must. The Canada Revenue Agency (CRA) has several powers to collect unpaid taxes. These include wage garnishments, seizure of investments, freezing bank accounts - to name a few. And be assured the CRA will pursue these collection options. This timely podcast Licensed Insolvency Trustee, Bonnie Hooley of LCTaylor discusses the CRA and tax debt. A must listen if you are wondering if you can just ignore your tax problems. Bonnie addresses the following:

  • Different options available to assist with tax debt
  • Arbitrary assessments and what steps the CRA will take to collect taxes 
  • How the Bankruptcy & Insolvency Act can eliminate tax debts
  • When to seek help from a Licensed Insolvency Trustee

Licensed Insolvency Trustees are federally regulated and approved by the Canadian government. They have extensive knowledge of the tax system and the options you have available to you if you are struggling with tax debt. 

 

About Bonnie Hooley

Bonnie Hooley has worked in the insolvency field for over 40 years. She attained her Licensed Insolvency Trustee license in 1999 and is the Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP). Over the years, she has served on various boards within her community.

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