CRA and Consumer Proposal
August 6th, 2013 by Questions
If $150K are owing to the CRA from unpaid taxes through a sole proprietorship business, with roughly half of that interest and penalties, is a CP a viable option? CRA has put a lein on the house and is garnishing accounts (so it’s progressed to that point), and making payments is viable, but not on the entire $150K. Taxpayer relief has been filed, but CRA is still pushing things, will filing a CP halt this while the terms are being considered or is a tax lawyer a better bet in this circumstance? Thanks for any advice.
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)