Back Taxes & GST owing to Revenue Canada

December 13th, 2005 by Questions

Will the bankruptcy timetable (usually 9 months) be extended indefinitely if monies are owed to Revenue Canada for back taxes and GST? I understood that Revenue Canada will never forgive or write off monies owing?

Questions

One Response to “Back Taxes & GST owing to Revenue Canada”



December 13, 2005 at 8:23 pm, A licensed trustee said:

Amounts owing to Revenue Canada are included in a bankruptcy. Excessive debts to Revenue Canada may result in a longer bankruptcy period. I suggest you contact a licensed trustee to determine how your tax debts would impact on a bankruptcy.

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