Qu’est-ce qu’une proposition de consommateur?
Comment déposer une proposition de consommateur
Consumer proposal FAQs
Qu’est-ce qu’une faillite personnelle?
Comment déclarer faillite
Bankruptcy FAQs
Articles
Calculateur de remboursement de dettes
Vidéos informatives et formulaires
À propos de Grant Thornton
Notre équipe
Nous contacter
Nos bureaux
Allègement de la dette en Alberta
Allègement de la dette en Colombie-Britannique
Allègement de la dette au Manitoba
Allègement de la dette au Nouveau-Brunswick
Allègement de la dette à Terre-Neuve-et-Labrador
Allègement de la dette en Nouvelle-Écosse
Allègement de la dette en Ontario
Allègement de la dette à l’Île-du-Prince-Édouard
Allègement de la dette en Saskatchewan
If you have outstanding income tax or CERB debt with the Canada Revenue Agency (CRA), dealing with it sooner can help you avoid escalating collection actions. We can walk you through your options—informal and formal—based on your situation.
There are both informal and formal paths forward. We’ll help you understand what fits.
The CRA is easier to work with if you’re up to date on filing your tax returns. You may be able to set up a repayment plan, but the CRA plan is typically for 100% repayment of taxes owed plus interest and penalties.
Fairness Provisions under the Income Tax Act can cancel or waive penalties and interest if you can prove extraordinary circumstances and financial hardship—though you still must pay the principal amount owed.
A consumer proposal or bankruptcy filed with a Licensed Insolvency Trustee will stop collection activity and halt interest, penalties, and further collection actions as part of the formal process.
Yes. CRA tax debt is considered unsecured debt and can be included with other unsecured debts.
If the CRA has placed a lien on an asset to secure the debt, a consumer proposal may not be effective in addressing that secured portion.
Generally, yes. The CRA may apply refunds/credits from the year you file against tax debt included in the proposal, but future refunds for income earned after the proposal remain yours.
Both a consumer proposal and bankruptcy are formal legal options that can be used to deal with CRA tax debt, but they work differently.
Consumer proposal: A consumer proposal allows you to repay a portion of what you owe over time, based on what you can afford. CRA income tax debt is considered unsecured and can be included. Collection actions and interest stop once the proposal is filed, and you generally keep your assets and future tax refunds.
Bankruptcy: Bankruptcy may be considered when repayment isn’t realistic. It can eliminate most unsecured tax debt and immediately stop CRA collection actions, but it may affect assets and tax refunds, depending on your situation and provincial rules.
A Licensed Insolvency Trustee can help you compare both options and determine which one makes the most sense for your tax debt.
Yes. Filing a consumer proposal or bankruptcy through a Licensed Insolvency Trustee triggers a legal stay of proceedings, which immediately stops CRA collection actions. This can include wage garnishments, bank account freezes, and collection calls. Once filed, the CRA must deal with your trustee rather than contacting you directly.
Not necessarily—but you will need to file any outstanding tax returns as part of the process.
For both a consumer proposal and bankruptcy, the CRA generally expects all required tax returns to be filed so they can confirm exactly how much is owed. In many cases, you can start the consultation and even begin the process before everything is filed, with the understanding that outstanding returns will be completed shortly after.
I had a great amount of stress before meeting with Marcia as the prior events made me feel alone and unresolved. Additionally, as money is still tight, I could not see a future without debt. She assured me she was part of a team which had solutions that were manageable for every situation and that they were there to help me navigate the unexplained assertions of CRA and collection agencies. She reviewed my documents and guided me without judgement in the most positive and encouraging manner. I feel after one session I have come away with a renewed vigor.
— Joan (Vancouver, BC)
The only thing I regret is not calling them sooner. The professionalism of our agent was remarkable. After examining our financial situation, he made us quickly realize that proceeding with a proposal was the best thing to do in our situation. The amount of stress that was lifted off our backs was enormous. No more sleepless nights trying to figure out how to pay off that overwhelming debt. The phone calls from CRA and all our creditors ceased almost immediately. We are no longer afraid to answer the phone or opening the mailbox. I highly recommend the professionals at the Moncton offices of Grant Thornton.
— Dan (Moncton, NB)
Discutez avec l’un de nos professionnels de l’endettement dans le cadre d’une consultation gratuite, sans obligations.
Vous recherchez des services de fiscalité, d’audit et des services-conseils aux entreprises? Visiter Doane Grant Thornton LLP.
Chargement en cours