Canada Revenue Agency income tax debt can be crippling when your payments fall behind. Interest and penalties accrue at an alarming rate, and what starts off as a small debt can grow into something a lot more difficult to pay.
Income tax debt is much more serious than other types of debt ... Views: 1058
As the holiday season approaches, you may be thinking that a debt consolidation loan is a good idea so that you don’t face the New Year with maxed out credit cards and a budget that is stretched to its limit. There are so many services out there that offer debt consolidation options, but what is ... Views: 714
HST has intensified the tax obligation of small business owners. Prior to the HST, many small business owners only had to collect and remit 5% GST. With the amount that must be collected and remitted increased to 13%, the stakes for those who fall behind in filing their HST returns is much ... Views: 988
When an individual or business falls behind filing tax returns, it is imperative that they become tax compliant. Filing tax returns and being up to date is very important. It is important because as long as tax returns remain in arrears the taxpayer will not only face massive interest and ... Views: 829