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

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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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proposal?

I am divorced and cra was holding proceeds from the sale of our home in trust until the taxes were complete. I am now in a position to make a proposal. I have 2 small children and have received NO child support in a year and a half. Do I have to offer all proceeds or can I offer half of them and pay back the other half over the next 60 months. I really need to have some of the money to help support the children.

Posted from: Ontario

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One Response to “proposal?”

A licensed trustee said...

Whether or not CRA will accpet your proposal likely depends on your filing history with the Agency. If you have always been a late filer then the Agency is less likely to agree to your proposal – this is a policy decision that was made in Ottawa a few years ago.

All I can suggest is that you contact a trustee in your area to discuss your history with CRA – they should be able to tell you the likelihood of CRA agreeing to your proposal.