Revenue Canada

Question: If you owe money to Revenue Canada, but you don’t fully own your home, what if any can they take from you? ie. your home, car etc.

Answer: If you owe taxes, Revenue Canada has the power to seize your bank account, put a lien on your home, and garnishee your wages.  If you are unable to work out payment arrangements with Revenue Canada,  to prevent these collection actions it may be necessary to file a consumer proposal or personal bankruptcy.

Comments are closed.


© 2012 Moneyproblems.ca Inc. All Rights Reserved.  Terms of use       Entries (RSS Feed)