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Money Owed to CRA

Will the CRA usually oppose a discharge if the debt owed to them was included in teh bankruptcy? If yes, is there a minimum amount before opposing?

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One Response to “Money Owed to CRA”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

CRA is one of those creditors that will often oppose, but for them to do so the tax debt typically will have to represent a significant portion of the overall debt and be more than a nominal amount. Unfortunately I can’t give you threshold amount as each case is very unique and from what we have seen there is no clear rule of thumb. If you have concerns about a potentially opposition and how likely it is I suggest you discuss this with your trustee.