Back Taxes: Liens on property
CRA Collection Tactics and Liens
Haven’t filed your tax returns? What happens if you ignore CRA’s attempts to communicate with you? The last tool in CRA’s collection tool box is applying a lien on your property. The best thing to do about this tactic is to avoid it. In our experience, the lien is applied as a last resort by CRA, and usually results from individuals that do not respond to CRA’s attempts to have tax returns filed. In a nutshell, respond to CRA’s attempts to collect and have a professional guide you through the process and communicate with CRA. If you have a tax professional working on your behalf, CRA will give you time to comply with your outstanding tax issues.
What should you do?
This process is similar to the garnishment section. Keep all the correspondence from CRA. The correspondence should have contact information of any collection individuals. Contact a tax professional at Tax Doctors Canada; they can act on your behalf. An accountant can call the CRA and inform CRA that your tax returns are being competed. The accountant can provide a timeline for completing the tax returns. The accountant can discuss your situation with CRA and determine the steps to have the lien reviewed. After completing the tax returns, your final balance could be significantly less than what CRA has estimated. Another good reason to complete your tax returns as expeditiously as possible. Once you have completed the tax returns you will know what your final tax payable is. You can then set up a payment plan to repay your outstanding debt to CRA.
The key to addressing the lien is contacting an accountant at Tax Doctors Canada, have your tax returns prepared as quickly as possible, and contact CRA to inform them that you have hired Tax Doctors Canada to complete the tax returns.
Tax Doctors Canada has been serving happy clients for over 20 years. Our accountants will file necessary tax returns and get the CRA to review the lien. We have an outstanding record of success with the CRA.
Do not hesitate any longer, call toll free at 1 855 TAX DOCS (855 829 3627) or use our convenient contact web form on this page for a free initial no obligation consultation for your personal and business back tax requirements. The professional accountants at Tax Doctors Canada can negotiate a settlement for you with the tax department and possibly save you interest, penalties and prosecution. There are Tax Doctors Canada locations in Mississauga, Toronto and Markham to serve you.
Contact us using the web form below or call toll free at 1 855 TAX DOCS (855 829 3627) for a a free initial no obligation phone consultation. We have convenient locations in Mississauga, Toronto and Markham to serve you.