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Bankruptcy relief from Revenue Canada debt

Does claiming bankruptcy in Ontario relieve you from paying monies owed to Revenue Canada (taxes, etc.)?

One Response to “Bankruptcy relief from Revenue Canada debt”

A licensed trustee said...

Yes, bankruptcy filed anywhere in Canada discharges debts owed to Canada Revenue Agency (CRA).

There are some responsibilities that you have, such as providing tax information to your trustee, so we suggest you you contact a licensed trustee to determine if a bankruptcy is the correct option for dealing with tax debts.