Can the CRA reject a Consumer Proposal

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Richard Sklar, CIRP, LIT
Licensed Insolvency Trustee

Canada Revenue Agency and your Consumer Proposal

A consumer proposal is filed with the Office of the Superintendent of Bankruptcy and sent to all your creditors who then have 45 days to decide if they want to accept or reject the proposal.

For your consumer proposal to be accepted, the majority of your creditors (and this is determined by the overall dollars owed), will vote on your proposal. The Canada Revenue Agency is only one creditor included in a consumer proposal and unless the amount of the debt owed to the CRA represents the majority of the total debt owing, they do not have the ability to reject the proposal by themselves.

So, while the CRA can vote either to accept or reject a consumer proposal on their individual claim, it is up to the majority of your creditors (based on dollar amount) whether the consumer proposal is ultimately accepted or not.

Before filing your Consumer Proposal in Ontario, you will need to make sure that all of your tax returns are current and up to date. Not having this done may cause delays in the approval of the proposal until the returns are filed and may ultimately result in the CRA rejecting your proposal.

If you live in the Greater Toronto Area – and are coping with a big debt load that you are unable to pay – please call us at 416-498-9200 for your FREE consultation. Take the next step to starting over. Our caring debt professionals will review your finances in detail and go over all your options for getting out of debt and getting on with your life.

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If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you.

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David Sklar & Associates Inc.

4.9

Based on 893 reviews

David Sklar & Associates Inc. – Consumer Proposals & Licensed Insolvency Trustees

4.9

Based on 893 reviews

I was a little nervous going into my consumer proposal with David Sklar & Associates as I had a horrible experience attempting to file with a different group.Following the first correspondence, I immediately felt much more relaxed and confident in my decision.Beatriz was incredible! I feel so lucky to have had her working with me.She was friendly and kind, professional, patient, considerate, and caring. I felt no judgment in anyway. Honestly, speaking with her regarding my debt felt like I was speaking with a family member – just very easy to discuss how I ended up in my financial situation and being met with understanding, no judgment.Mark was also very kind and made sure that I understood what was discussed and was open to going over it again if needed prior to signing.David Sklar & Associates is the team you want handling and assisting you with your debt. I have only positive things to say about them and will 100% recommend them to anyone if the situation ever arises.

ally.

1701530179

Helped me with filing for bankruptcy and getting a fresh start and made the whole process seamless and easy.

Sameer Kamal

1701361659

I would like to say "Thank you very much" for David Sklar team that handled my case smoothly and without any issues! I am glad that I ve got consultation by Jerry Janiec. He explained me all process in details and told me right away what options I do have to resolve financial difficulties. I ve proceed with consumer Proposal option and entire process was very smooth. Jerry took care of my case and gave me personal recommendations for future! Thank you very much Jerry and Hernee for your help and really take care of your clients!

Alexander Arepyev

1701306224

Very knowledgeable, helpful and fast service

Anthony Mcfeat

1701299046

I am so delighted to have found this company. They are the best. Everyone in the office is very nice never to busy to assist you. Thank you David Sklar and Shirley and associates for being you. 😊🌺😊

Deborah

1701263894

Trina was amazing and quick. No judgement was made and they all made me feel I made the right decision. Would highly recommend them

Crystal Minaker

1701222756

Trina was very easy to work with. Any questions I had were answered promptly. What seemed like a complicated process was explained in a clear manner that wasn't at all intimidating. It made for a more comfortable experience during a turbulent time.

Eldon Aubie

1701134421

Jackie is very professional...I would recommend David Sklar to anybody especially knowing how understanding they are.

Kimberley Lyder-Niles

1700968057

I had Shirley and Kim take care of my finances. From the very first moment I spoke with Shirley I could sense how caring, professional and patient she was. She was also very understanding with my lack of financial knowledge and never made me feel dumb as some other companies have.Her and Kim were always very quick to respond to emails, always available if I called and answered my abundance of questions in such detail that I now believe I have a thorough understanding of how finances work. I am hopeful about my fresh financial start and very grateful I had the privilege of meeting and working with these two beautiful women.I also spoke briefly with Richard over zoom and he to was extremely friendly, patient and made sure I was well taken care of.I could not recommend David Sklar and Associates more. Thank you again.

Shayleen Muzi

1700875951

Good professional team! Jennifer is the best, helped me through everything and answered all my questions. Made the process easy! Would recommend Jennifer and the team at David Skylar.

gary round

1700868378