150 - Tax Debt: Solutions That Work

DebtMatters Podcast

Owing the Canada Revenue Agency (CRA) money can be overwhelming. This government agency has greater powers to collect compared to other creditors. What do you do when you simply cannot pay your outstanding tax debt?

The good news is that there are ways that you can overcome debts owing to the CRA. In this podcast, Licensed Insolvency Trustee Leigh Taylor talks about the importance of filing your taxes and the steps you can take when you are unable to pay your outstanding taxes.

Leigh also covers:

• How to avoid tax debt and consequences of not filing
• Solutions available if your tax debt is insurmountable
• Including tax debt when filing Bankruptcy or a Consumer Proposal
• Tax laws for self employment, PST and GST tax remittances
• What happens when tax debt is ignored
• Contacting a Licensed Insolvency Trustee to explore options

Licensed Insolvency Trustees are federally regulated and experts in debt management solutions. They offer a free initial consultation at which time they will go through all the options available to you to help you break free from the cycle of debt.

About Leigh Taylor

Leigh began his career as an Official Receiver with the Office of the Superintendent of Bankruptcy. He is a Certified Professional Accountant and attained his license as a Licensed Insolvency Trustee in 1980.

LCTaylor’s mission is to help people get out of debt through compassionate care and professional service. With over 40 years experience in the insolvency field, Leigh and his staff have helped over 50,000 Manitobans solve their debt problems.

Additional Resources

• LCTaylor Licensed Insolvency Trustee
• CRA Debt: What You Need to Know and How to Resolve It
• Tax Debt: Looking into Unfiled Tax Returns in Canada