Unfortunately, many businesses find themselves in trouble with CRA for taxes owing for any or all of: employee payroll remittances, GST/HST, and income tax.
So what can a business do when the CRA Collections officer calls demanding immediate payment of the entire debt?
When you explain to CRA that you cannot repay the amount immediately, the officer may agree to a 6 or even 12-month repayment arrangement with you. If that is not enough time to repay the debt without jeopardizing your business, contact Money Consultants.
Money Consultants will sit down with you and discuss a repayment schedule that your business can afford without jeopardizing your day-to-day operations and one that CRA will accept.