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owner

What does it mean when Revenue Canada puts a lien on my property for back taxes?I had made payment arrangements with them and have never missed a payment, so why would they do this? Thanks

Posted from: New Brunswick

One Response to “owner”

A licensed trustee said...

Once the government has placed a lien on your house for back taxes they have effectively created a new mortgage on the property. Eventually the debt will be repaid – either by you or by the sale of the house. Once a lien is in place it also removes the ability for bankruptcy law to eliminate the debt – at some point the debt will have to be repaid.