December 10th, 2009 by Questions
I owe a significant amount to CRA. The money owed is payroll withholding taxes. I am considering winding down the business, assuming personal responsibility for the CRA debt and then making a personal proposal. I transferred full ownership of our house to my spouse after most of the CRA debt was incurred. Is there a time limitation in a proposal or bankruptcy after which the transferred property is no longer available for settlement of the debts?
Posted from: Ontario