CRA debt

If you have CRA debt and don’t have the money to pay for it now, there are things you can do to avoid adding interest and tax penalties. At Morgan & Partners Inc., we can help individuals in Barrie, Ontario avoid financial problems associated with CRA debt by negotiating a payment plan on your behalf.

You may think that a CRA debt payment plan is easy enough to set up with the Canada Revenue Agency directly, but it could affect you negatively in the long run. For example, the information about you collected to set up a short-term payment plan for your CRA (your address, bank, employment, etc.) can be used against you in the event that you miss a payment. This means that the CRA can enforce action on your income directly through your employer, on your home, or directly from your bank account to pay your CRA debt in full.

At Morgan & Partners Inc., we can help you regain your financial standing and can even stop the interest from accumulating further by negotiating your CRA debt for you with a consumer proposal. This will stop the collection action and allow you to set an affordable monthly payment plan for your CRA debt.

If you have tax problems and have been notified of your CRA debt, don’t wait to seek professional tax help. The best way to protect yourself is with a mediator experienced in negotiating with the CRA – that’s us at Morgan & Partners Inc.! Don’t wait and call us today.