However difficult it may be for you, it is important that tax debt is paid before anything else. If you miss payments there are a lot of penalties that could be imposed, but one major problem is that fact that interest can be added, and this will make it even harder to pay it off. It is possible to get CRA tax relief but there is no guarantee that everyone who applies will be successful.
You can apply for CRA tax relief if you are a business or an individual, and if accepted you will be able to wipe out some of the interest and charges that have been added to the account. It will not reduce the amount of tax you legitimately owe, so you need to be prepared to pay the initial bill you will have received. CRA tax relief will make things easier for you, but it will not wipe out your tax debt completely. These charges could have built up over a number of years, and at times could double the debt you have.
It is not just a case of asking for CRA tax relief, you must be able to prove that you are a special case and need to have the charges removed. The factors that will go in your favor will be financial hardship and a variety of medical conditions that includes an addiction or mental health issues. Natural disaster will be taken into account as will death. It is also likely that you will receive CRA tax relief if the bill has increased so much as a result of mistakes made by the CRA.
Even if you fit into one of the categories indicated above, the process is not easy and there will be a long road ahead of you. To make the journey easier, you could take professional advice and allow an organization to make the request for CRA tax relief for you. For you, this may be the first time that you are going through the process and you are not aware of the nuances of the law. For them it is a regular occurrence and they will know what is important and what is not when requesting CRA tax relief.
The difference between success and failure could be the way that the application is worded and presented. The CRA will not want to lose money and while they will work within the law, if possible they will not grant CRA tax relief unless they have to. If the case put before them is flawless and makes it clear that you are a deserving case, you will find it easier to have the penalties lifted.
As applying for CRA tax relief is a detailed process, a professional will always be able to get you better results than you would get by applying yourself. Free consultations are available for you to know if you have a chance of having your debt reduced without having to pay out any more money. Your consultant will let you know if you are likely to be successful before you proceed.