FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Company

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Revenue Canada and Consumer Proposal

Hi,

I filed a 5 year Consumer Proposal in 2004. I had my tax return done and I am entitled to a refund this year. Revenue Canada was listed as a creditor because I owed money in the year I filed my Proposal and I was told by my Trustee to include it in the Proposal. Will Revenue Canada be able to keep my refund this year???

Thanks and I love this site, very informative!

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

2 Responses to “Revenue Canada and Consumer Proposal”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

If you filed in 2004 I don’t see any reason CCRA (formerly Rev. Canada) would be able to retain funds from 2005. If they do I imagine it would simply be failure to accurately recorded the proposal on CRA’s system and suggest you contact them directly to ask why the funds were kept.

Anonymous said...

…I also filed a proposal in 2004 with CRA as a creditor…when I filed my refund for that year (i.e. in Spring 2005), CRA took what was owed to them and I received the rest. It’s my guess that until your debt to them is paid, they will continue to seize your refund.