CRA Tax Debt Settlement

Looking for CRA Tax Debt Help?

If you’ve ever been hit with a Notice of Reassessment from the Canada Revenue Agency, especially when it was not at all expected, this debt could potentially be an issue. If you do not have the extra funds to repay either via extra disposable income or savings you may need to look at your other options that may be available regarding your CRA tax debt.

This type of debt can sadly happen to anyone, the next step now is how you go about dealing with it. Your yearly tax returns can become a dreaded time. If you’ve worked two jobs or more and you didn’t take out enough money, or you are self-employed and either have HST payments owed or you didn’t pay in enough on your yearly tax. This can creep up on anyone if not careful about your taxes.

The Canada Revenue agency has a lot of power behind them and they are able to hold back your money in a number of ways, from garnishments, tax credits (HST & Child), via your bank accounts just to name a few.

Your Debt Settlement Options

With an Insolvency Firm such as David Sklar & Associates, Inc., we can help by administering a consumer proposal where you agree to pay back just a portion of your unsecured debts or you can look to Bankruptcy.

It is important to note that interest will still be collecting on your CRA Tax debt until it is either fully paid or via a Trustee with an automatic stay of proceedings. This will stop additional interest being added on your tax debt, and will allow for the proper debt settlement proceedings to take place.

Realistically, there are three main options for repaying your tax debt.

If you have Tax Debt, this is not something that can be avoided. You need to deal with this properly. Call or email us today and we can look at your case. We know how troubling this can be and we are here to help you find the best solution so you can move on with your life.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt and live in the Toronto area, call us at 416-498-9200 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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Ready to live debt free?

The best decision I've made was to contact David Sklar & Associates, they are experts in this matters and also have dedicated Licensed Counsellors that provide the best customer support, like Rhoda Lewis, who I highly recommend. She worked tirelessly on my case, explaining ever detail to me willingly. She demonstrates a true interest in her clients. I appreciate how she patiently walked me through what to do, step by step. I now have control over my finances, as a result my life is much more peaceful and I can focus on what matters. Thank you!
Nilda H.
20:18 16 Jun 22
Very helpful and friendly! I am more than satisfied with my experience here. And more than happy with the outcome! Would definitely recommend .
Peggy Bulger
15:10 14 Jun 22
Jerry at David SKLAR helped me thoroughly understand my options and made me feel at ease. If you are looking at this type of service/help, I 100% recommend you give them a call.
Colleen H
12:50 14 Jun 22
Rhoda is a wonderful person, She help me and guided me throughout the process. I couldn’t do it without her support and expertise. Now I can start fresh and full of hope of a better life ahead of me.
ariezel erandio
21:33 06 Jun 22
The service I recieved from David Sklar and Associates was great. I was able to meet with Christin Sylver. She is kind, understanding and, professional. She was able to answer all the quesions that I had regarding my debt. At the end of our meetings, I felt that there is a heavy burden lifted from my shoulders. I recommend Chistine to anyone who is looking into debt relief.
Aliya H
12:11 04 Jun 22
Jerry is a very patient person, he answered all my questions and made this experience so smooth and easy for me. I was not sure what to expect but dealing with him made me feel so much better. He sure knows what he is doing and how to put people at ease for sure (should have done this long ago). I recommend him to anyone I am so glad I had him on my side and now to do my part. Thanks Jerry ur greatPattie
Patty Murphy
21:34 18 May 22
Rhoda Lewis helped me achieve a fresh start two and half years ago! She was very professional with a very warm, caring personality! I emailed her today with a question and she responded quickly. She's great at her chosen profession!!
Debbie Livingston
01:24 11 May 22
Nothing but good things to say about Jackie. She was so nice and so understand and everything was so quick and easy. In a matter of a week, there was the solution that I never thought was possible. Thank you so very much for everything that you have done. ❤️❤️❤️
Cassandra Keenan
21:05 10 May 22
I was in a lot of debt and stress, Jackie Stanley with David Sklar & Associates was very professional, and extremely helpful with getting out of debt. I should of did this sooner, they take the all the weight and stress of a persons shoulders, amazing team at David Sklar & Associates!!
Hubert Z
03:08 10 May 22
Jackie helped me out during a really tough time and she made the entire process very easy and painless. I highly recommend reaching out to her if you find yourself in any financial trouble. You won’t be disappointed!
prettylush 13
02:42 10 May 22