Income tax debt

5 articles

Collage of Canadian landmarks: Lake Louise in Banff with turquoise water and mountains, Peggy’s Cove lighthouse on rocky shore in Nova Scotia, Toronto skyline with CN Tower, and Confederation Bridge over ocean at sunset.

How much debt is normal in your province?

Having debt is a reality for most Canadians—whether it’s student loans, credit cards, or car payments. But can the province you live in impact the amount of debt you have, and how does it compare to the rest of Canada?

Young woman sitting at a table filling out paperwork. She has a drink next to her on the table as well as her eyeglasses and phone open to the calculator app.

Can you reduce tax debt with a consumer proposal?

Feeling overwhelmed by CRA tax debt and the maze of forms, credits, deductions and benefits? Learn how filing a consumer proposal through a Licensed Insolvency Trustee (LIT) can reduce the amount of income tax debt you owe to the CRA.

Freelance contractor reviews his monthly budget while working an irregular income job.

How to budget on an irregular income

Budgeting is different when you have an irregular income. Whether you’re a freelancer, business owner, seasonal worker, or part of the gig economy, this guide can help you create a stable monthly budget.

Couple with tax debt looking at a letter from the CRA indicating their amount owing

Income tax debt relief

If you have outstanding income tax debt with the CRA, you should deal with it sooner than later. Options are available to help you overcome income tax debt.

Self employed person seated at a table using a laptop doing taxes

Avoiding tax debt for the self-employed

If you have outstanding income tax debt with the CRA, you should deal with it sooner than later. Options are available to help you overcome income tax debt.

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