When you have a tax bill to pay it is important that you do not ignore it. Ideally it will be paid right away but if there are problems, speak to someone right away so as there can be a process put in place that will allow you to meet your obligations and not end up without enough money to live on. CRA collection is going to happen and it is to your advantage to make sure that it happens the way that is best for you.
Not getting organised will not prevent CRA collection and there will be penalties if you are late paying, and the longer the delay the worse the penalties will be. There may be the chance that CRA are wrong and you do not owe as much, so firstly have this amount checked and once there is a figure agreed then this is the amount the CRA collection will want to get from you.
Once the CRA are aware that you are not making payments, then they will start proceedings to collect the money. It is at this stage that you need to have someone who can help you and by employing a tax expert who will deal with the CRA and save you from the discomfort that their questioning may bring. There is often a risk that tax paid via CRA collection in installments will lead to you paying more than if it was paid right away.
While not impossible to deal with the CRA alone, it is advisable to retain help as they are familiar with the way the system works. CRA collection can be harsh and if there are problems when the program is in place you can find that you are getting deeper into trouble and will not only have additional costs added to the account but could end up with your employer becoming aware of the issue. Money can be taken from your wages and even your house can become part of the deal. It is also possible that your bank account will be frozen so you will not have access to any of your funds. When it comes to the tax you owe, CRA collection will not stop until the entire amount has been paid off.
While CRA collection officers are going to do all they can to make sure that your tax debt is the one that is dealt with ahead of any others that you may have. By neglecting others, you could find that you are getting into trouble with any companies that you have loans or credit cards with as you may be struggling to make your payment to them.
It will only be with expert help that you can negotiate the minefield that is the law surrounding tax collection. Once you have someone who understands the procedure and has dealt with numerous cases, that you can become more relaxed about CRA collection.