July 22nd, 2011 by Questions
Canada Revenue Agency reassess my tax return in 2005 (I was a returning resident at that time) and sent some money back to Canada to purchase my house. CRA treated as the business income and as the result, I owe them $450,000. Beside that I am having a personal debts of about $300,000 which I cannot pay. May I know if I can file for bankruptcy? Thanks,.
Posted from: Ontario