How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Can a persons estate declare bankruptcy?

If an estate has no assets and person has been deceased for 2 years then reassessed for $40,000 in taxes by CRA, what options are availalble

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One Response to “Can a persons estate declare bankruptcy?”

A licensed trustee said...

If the deceased’s estate has already been “wrapped up” and there’s no money left then there is likely nothing to do. If the estate still has money available then this becomes an obligation that should be paid.

I suggest you talk to whatever lawyer assisted with the deceased’s estate – they should be able to explain what must be done in this particular case.