CRA and new rule
November 8th, 2010 by Questions
According to the new rule that if you have tax debts of more than $200,000, and they represent more than 75% of your total debt, you are not eligible for an automatic discharge; a court hearing will be required to end your bankruptcy.
My questions is the $ 200,000 is only the tax portion I did not pay or it is the total account owing to CRA including the penalties and interest please clarify.
Posted from: Ontario