We Clean up Your Tax Mess Fast! for Less!

877-982-9767
  • Home
  • About Us
  • Our Services
  • Testimonial
  • FAQ
  • Service Costs
  • Contact
Help Me Now!
TaxSOS.ca Search #

Major Tax Problems & Solutions

_______________
  • Tax Representation
  • CRA Tax Audit
  • Unfiled Taxes/Late Taxes
  • VDP-Tax Amnesty
  • Tax Payment Plan
  • Taxpayer Relief
  • Income Garnishment
  • Tax Appeal
  • Penalties & Interests
  • Tax Owing
  • Bank Levy
  • Payroll Tax Arrears
  • Tax Lien
  • Demand to File Notice
  • Tax Problems
  • Tax Solutions
_______________

How to Hand CRA Income Garnishment

Posted by Support1 November 09 2013

If you have not paid your taxes and not negotiated a delayed payment plan with CRA, it can take steps of enforcement against you such as CRA income garnishment. The CRA does not even need to go to court for that. This is a big power that has been vested in the CRA. Any other creditor has to arrange a court order before he or she is able to take any enforcement action against you.
The CRA does not require giving you any warning or procuring a court order to go after you. The first step in the enforcement plan is to impose CRA income?garnishments. Once the income?garnishments are enforced, there is not much you can do to lift that enforcement by yourself. You could be in severe financial hardship or your business may struggle. It will not matter at all as CRA will go through with the enforcement.
It is always wiser to allow a professional?tax consultant to handle your tax filing and related cases. The?professional?tax consultant?will be able to negotiate, as a routine, any removal or reduction of the enforcement measures. The CRA is entitled to impose income?garnishments up to fifty per cent of your earnings and up to the entire amount of a sub-contractor income. This can result in a major financial disruption and can cause plenty of damage to a business organization.
Your bank account also could be frozen in additional to CRA income garnishment. When the Canada Revenue Agency freezes your bank account, they will send you a letter which is known as `Requirement to Pay’. This letter indicates the amount of tax owed and the terms of payment. The letter will also direct your bank, through a copy, to freeze your account. Your funds will be then held as frozen for a selected time period and then forwarded to the CRA. This will leave you totally stranded as you will not be able to pay your bills nor will be able to conduct your business.
The professional tax consultant?will be able to help you lift this CRA income garnishment. If you have assets in the form of property, the CRA can also register a lien against your property at any time they so desire if the taxes are not paid. You will not be able to sell your property or get your home refinanced until you have taken care of the lien and resolved your tax issues as all current mortgage holders will also be informed of the lien.
The CRA can use more than one enforcement action against a tax payer. If a tax payer owes larger taxes, in addition to CRA income garnishment, the CRA could also freeze the bank accounts and also place a lien on the tax payer’s property. Therefore, it is better to organize your paper works and take the help of tax consultants in planning out your tax payments. The tax consultant?will help you take advantage of various rules that are updated on a regular basis to enable you to stay feasible under your tax payments or those payments into the next assessment period.

 

Posted in Uncategorized

Comments are closed.

    Contact Tax SOS for Tax Help

    CONTACT US NOW!

    • >>>Tollfree:         877-982-9767 (24/7 live agents)
    • >>> Phone:           416-623-9234 (24/7 live agents)
    • >>>Email:                              Help@TaxSOS.ca
    • >>>Office: 60 Green Ln,Unit 12A,Thornhill, ON, L3T 7P5
    • >>>Hours:                  10:00am to 6:00pm Mon-Fri

      __________________________________

      Tax Info. & Articles Archive

      __________________________________
    • Important Due Dates for Business & Personal Taxes
    • Revenue Enforcement Agent
    • Tax Pay Enforcement Process
    • Article on Tax Audit
    • Typical Tax Accountants Can't Help with Your Tax Problem
    • How CRA Verify Your Tax Returns
    • Unfiled Tax Crime & Tax Alert
    • News Release, Tax Warning
    • Be Aware of Those Tax Leads Centers
    • Tax Alert - CRA Warning
    • Tax Horror Stories - W5
    • Taxpayer Bill of Rights
    • Tax Resources, Myths, and Information
    • __________________________________
    • Home |
    • About Tax SOS |
    • Tax Accountants Can?t Help with Your Tax Problems |
    • Article on Tax Audit |
    • Bank Levy |
    • Be Aware of Those Tax Leads Centers |
    • Contact Tax SOS for Tax Help |
    • Costs of Services |
    • Demand to File Notice |
    • FAQ: Common Tax Questions |
    • How CRA Verify Your Tax Returns |
    • Important Due Dates for Business & Personal Tax |
    • Income Garnishment |
    • News Release, Tax Warning |
    • Payroll Tax Arrears |
    • Penalties & Interests |
    • Tax Resources, Myths, and Information |
    • Unfiled Tax Crime & Tax Alert for False Claim |
    • Tax Alert: False Claim & Offshore Account |
    • Tax Appeal |
    • Tax Audit |
    • Tax Horror Stories in the Media |
    • Tax Lien |
    • Tax Payer Relief |
    • Tax Payment Plan |
    • Tax Problems |
    • Tax Problems: Tax owing |
    • Tax Representation |
    • Tax Solutions |
    • Tax Testimonial |
    • Taxpayer Bill of Rights |
    • Unfiled Taxes |
    • Voluntary Disclosure Program (VDP) |
    • Why Us – Service Quality |
    • Blog

    Social Link »

            

    At Tax SOS

    We Clean up Your Tax Mess Fast! for Less!

    Privacy & Security

    Contact Tax SOS for Immediate Tax Help!

    Location: 60 Green Lane, Thornhill, ON, L3T 7P5
    Email: Help@TaxSOS.ca
    Phone: 877-982-9767 or 416-623-9234

    • © TAX SOS. All rights reserved.
    • Valid XHTML & CSS
    • Home
    • About Us
    • Contact Us
    • FAQ
    • Home |
    • About Tax SOS |
    • Tax Accountants Can?t Help with Your Tax Problems |
    • Article on Tax Audit |
    • Bank Levy |
    • Be Aware of Those Tax Leads Centers |
    • Contact Tax SOS for Tax Help |
    • Costs of Services |
    • Demand to File Notice |
    • FAQ: Common Tax Questions |
    • How CRA Verify Your Tax Returns |
    • Important Due Dates for Business & Personal Tax |
    • Income Garnishment |
    • News Release, Tax Warning |
    • Payroll Tax Arrears |
    • Penalties & Interests |
    • Tax Resources, Myths, and Information |
    • Unfiled Tax Crime & Tax Alert for False Claim |
    • Tax Alert: False Claim & Offshore Account |
    • Tax Appeal |
    • Tax Audit |
    • Tax Horror Stories in the Media |
    • Tax Lien |
    • Tax Payer Relief |
    • Tax Payment Plan |
    • Tax Problems |
    • Tax Problems: Tax owing |
    • Tax Representation |
    • Tax Solutions |
    • Tax Testimonial |
    • Taxpayer Bill of Rights |
    • Unfiled Taxes |
    • Voluntary Disclosure Program (VDP) |
    • Why Us – Service Quality |
    • Blog