Monthly Archives: March 2007

Question: If you owe money to Canada Revenue Agency (CRA or Revenue Canada), but you don’t fully own your home, what can they take from you? Can they seize your home, car, bank account etc. CRA (Revenue Canada) Tax Liens and Powers of Collection If you owe taxes, CRA (Revenue… Read more

Question: What is the Statute of Limitations act in Ontario for the repayment of an old or bad debt. Limitations Act on Debt in Ontario Technically, the statute of limitations in Ontario for debt collection is two years (Update: The act provides that if the defaulted debt occurred before January… Read more