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
_______________

All you need to know about Income Garnishment CRA

Posted by Support1 January 07 2014

Tagged Under : Income Garnishment CRA

Do you understand the process of garnishment? It is a legal procedure where a creditor may require a third party to turn over the bank accounts or the wages of the taxpayer. When you miss paying your taxes by CRA deadlines, you may face an CRA income garnishment. It allows CRA to seize your wages legally. It can also garnish all the money you have in your bank accounts or other assets that you may own until your tax owing is repaid in full.

A court order is not always required when it comes to an income garnishment. There are two distinct situations where a court order may not be required for income garnishment. The first situation is when a person assigns his or her wages to a credit union body. The second situation is when a person owes taxes which are unpaid to the CRA. In such cases, the CRA has the right to caution your employers directly and require the wages to be garnished.

When does the case of a wage levy arise? A wage levy is almost like an income garnishment. This action can be enforced and initiated by the CRA against a person for back taxes. In the case of  income garnishment or a wage levy, the employer will receive the garnishment order notice. The employer is clearly required under the law to keep back the amount which has been specified in the garnishment order from the wages of the tax taxpayer.

In Ontario, the maximum amount of your wages that can fall under income garnishment is half of your gross monthly salary as per the Ontario Wages Act. Under this Wages Act, the social assistance, employment insurance and the pension payments cannot be touched under garnishment. This just cannot happen even if the funds are deposited into a specified account at particular financial institutions.

To handle a CRA income garnishment, you need professional help from a tax representative in order to stop a wage levy or a garnishment. You will be protected if you have an owing solution that is legally binding and which comes under the protection of the tax courts. People have two options to annul a CRA income garnishment so that all future activity pertaining to collections may be prohibited. The first option for an income garnishment to be revoked is to declare bankruptcy. The second alternative  is to go the route of the consumer proposal. In this case, all the assets that you have are confined for repayment in order to reduced the amount you owe over a period not exceeding five years.

Some professional tax consultants negotiate with the CRA on your behalf and come up with a payment plan that may be fair to both sides and one which is within your payment capacity. A payment plan can be worked out with low monthly payments to avoid a CRA income garnishment .

Posted in CRA Garnishment
Comments Off on All you need to know about Income Garnishment CRA Read more

    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