Category Archives: wage Garnished

Dealing With A Wage Garnishment From CRA

When most companies or organisations want to take action against you, they will have to take you to court, but this is not the case when it comes to the CRA. They can take action without going through this process and the results of falling behind with your tax can lead to a variety of penalties. There can be a program put in place to allow you to pay, but often that option will not be given, and you will face a CRA tax garnishment.

There is no come back from this situation, as once the CRA tax garnishment is in place, you have to accept that there is going to be money taken from your salary weekly or monthly depending on how you are paid. Not only will you be unable to get them to stop taking the money, but they are unlikely to reduce the amount they take regardless of the situation it leaves you in. They will see that your debt to them over rides all others and the CRA tax garnishment of your wages will be in place until everything is paid off.

While you will struggle to get anywhere with your requests for reduced payments on your own, this does not mean that there is not a way to get help. There are companies who will know a great deal about the law and understand that there may be elements of the law that will work in your favor and allow you to have some relief from the financial burden you find yourself under.

When you consider that it is likely that the CRA will take 50% of your salary if you are working for someone else and it could be the lot if you are a sub-contractor. When you have a CRA tax garnishment your employer will be aware of it and apart from the fact that this will be embarrassing, it could also leave you in the position of having to accept unfavorable working conditions for a while as the employer knows you are in financial difficulty and not in a position to walk away.

It may seem that a CRA tax garnishment is the worst thing that can happen to you, but that is not always the case. They can freeze your bank account and then have any savings you have sent to them, or they could go as far as placing a lien on your property. A further worry is that fact that it is possible for more than one of the sanctions to be put into place.

If the bill is high enough they may decide that a CRA tax garnishment is not going to get them their money quickly enough and so do that in conjunction with one or both of the other two options. It is going to be to your advantage to employ a professional as soon as you become aware of a CRA garnishment, as the quicker they begin to help the quicker the nightmare ends.

CRA Tax Problem Help in Toronto and Other Canadian Cities

Many people in Canada find themselves facing a tax debt that may become too big for them to handle when CRA knocks at their doors and starts giving them deadlines to work out payment plans. It is not an easy task to deal with a CRA collections officer who could be aggressive.

Seeking tax problem help in Toronto or other cities in Canada becomes an important in part of handling the CRA tax people. CRA will generally accept a payment schedule that may stretch up to a period of six months. In order to clear yourself  of a tax mess, you require professional tax problem help in Toronto or other Canadian cities because you have to understand thoroughly about the options available to you and how best you can begin to protect yourself and your business assets.

You really need some tax problem help in Toronto or other cities for there are cases when CRA will refuse to negotiate a payment plan which was thought as reasonable by you. This is where professional help and tax problem help will come in.

For any business enterprise or an individual, taxes have become one of the most difficult areas. The world has changed drastically and indifferent accounting just cannot pass. Consequently, thousands of business owners across Canada find themselves right in the middle of heavy tax problems leading to tax liabilities and they seek out tax problem help in Toronto and many other cities in Canada.

An individual facing tax problems may have reached that stage because of not being aware of the possible problems. By seeking tax problem help in Toronto or other cities, he or she could begin to avoid those problems and resolve them so that operation is possible in a tax worry free world.

People tend to ignore the communications they receive from the CRA collection centres. This is because they may be scared of the results that are linked with the kinds of tax problems they may have or that they require more time to come up with the finances to pay off their tax debts. Not taking tax problem help may result in a collection action from the CRA. If you feel that there is a tax problem, then it is advisable that you seek representation and tax problem help as early as possible.

The routine kinds of collection action that you may seek tax problem help in Toronto or many other Canadian cities could be handling demand letters from the CRA, financial disclosure requests, CRA garnishment to your wages and bank accounts that could get frozen. There may be additional action such as garnishment notices that may be sent to the financial institutions that you deal with along with liens on your property.

So, if you land into trouble when resolving a tax debt problem with the CRA, you need to seek out tax problem help in Toronto or other Canadian cities. When you seek professional tax help, you may buy time with the CRA collection practices. If your problem is pegged to coming forward with a payment schedule or a plan, you may take tax problem help.