CRA has frozen account and cleaned out
July 16th, 2013 by Questions
CRA has just frozen account and taken the remaining funds. Payment plan was in place and have been making monthly payments to CRA as per the agreement and now they are saying I have to pay the amount in full. I am self employed and just lost a contract 2 months ago and now my income is even less, yet still made my payments to them. I will not qualify for a loan/line of credit. There is not enough equity in my home to cover the remaining $40K owing CRA and they have threatened with further legal action. What alternatives do you recommend? How do I protect my home and vehicle to be able to continue to work?
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.)