Self Employed and Considering a Consumer Proposal? 5 Things You Need to Know

Posted in Consumer Proposals
Posted by Ian Martin, CPA, CA, CIRP - LIT

Are you self-employed and struggling with debt? A consumer proposal may be a good option for you. It’s a legal debt relief process intended for individuals who can’t pay the full amount of their debts, but don't want to file bankruptcy. Awareness of consumer proposals has grown significantly in recent years as more and more […]

Self Employed: Dealing with Business Debts

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Doug Hoyes talks with our team of experts on how to manage business debts, including tax debts, when you are self-employed on this week's podcast with Ian Martin, Scott Schaefer and Ted Michalos.

Tax Scheme and Tax Shelters Can Lead To Bankruptcy

Posted in Debt Help
Posted by Rebecca Martyn, CPA, CGA, CIRP - LIT

We have seen an increase recently in clients calling us with tax issues related to questionable, if not outright illegal, tax shelters and tax schemes. In almost all cases, the people we see unwittingly filed tax returns based on advice from tax consultants or financial advisors, advice that the Canada Revenue Agency does not agree […]

What Happens If You Stop Paying Your Debts?

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

A popular question on our Facebook is what happens when you stop paying your debts? On today's show, I sit down with Ted to discuss the consequences of defaulting on your loans and payments, and offer a solution better than walking away from your debts.

Tax Debt Help - Who Do You Call?

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

It can be hard to know who to turn to when you are dealing with the Canada Revenue Agency and you need tax debt help. Some situations are relatively simple and can be resolved on your own, while other situations may require more expertise. Find out which professional you need for different tax situations in today's podcast.

Beware Fake Canada Revenue Agency Calls

Posted in In The News
Posted by Ian Martin, CPA, CA, CIRP - LIT

Canadians are receiving threatening and fraudulent phone calls from individuals claiming they work for the Canada Revenue Agency (CRA). They are being told they must act fast to deal with an outstanding debt owed to CRA and if they do not pay something right away their assets will be seized or they may go to […]

Overcoming Business Tax Debts: Case Study

Posted in Success Stories

It's not always common knowledge that personal bankruptcy or a consumer proposal can deal with tax debts that arise in the course of operating a small business. Here is one case study from our London office that shows how one entrepreneur dealt with his tax problems so he could continue in his enterprise. The Challenge […]

How Are Certain Debts Affected In A Bankruptcy?

Podcasts
Posted in Personal Bankruptcy
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

We wrap up our Debt Free in 30 FAQ series with a discussion with Adam Rauf, bankruptcy trustee and consumer proposal administrator about how lease obligations, tax debts and 407 ETR debts are treated in a bankruptcy or consumer proposal and whether or not you can pay your proposal off early.

How To Deal With Tax Debts: An Infographic

Posted in Debt Help

The Canada Revenue Agency (CRA) is what we call an involuntary creditor. The CRA does not lend you money, but if you do not pay your taxes they become your creditor. If you owe money to the Canada Revenue Agency, there are steps you can take to deal with that debt. It is even possible […]

An In-depth Look At Tax Debt Solutions

Podcasts
Posted in Debt Help
Posted by J. Douglas Hoyes, CA, CPA, LIT, CIRP, CBV

Today on Debt Free in 30 I discuss taxes, Canada Revenue Agency, and debt options with our resident Hoyes, Michalos tax expert, trustee in bankruptcy, Ian Martin.