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2023 Tips for Tax Debt Relief

Tax season can be one of the most stressful times of the year for anyone having unpaid dues with the Canada Revenue Agency. At National Debt Relief Services, our goal is to provide debt relief options for various situations – including CRA tax relief and CERB/CRB payments.

Know more about us and what we can do by clicking on the button below…

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Helped with $ 27,000 $ 41,500 $ 35,000 $ 17,000 $ 23,500 $ 46,340 $ 21,000 $ 35,000 $ 26,700 $ 65,500 $ 57,400 $ 17,500 $ 75,500 $ 63,000 $ 35,000 $ 18,500 $ 55,000 $ 85,500 $ 43,000 $ 29,500 $ 27,800 $ 41,200 $ 35,800 $ 85,000 in debt

1 day 3 days 3 days 8 days 7 days 6 days 12 days 9 days 3 days 6 days 1 day 4 days 2 days 1 day 7 days 5 days 8 days 6 days 12 days 16 days 5 days 8 days 2 days 7 days ago in debt in

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Tips for Tax Debt Relief

Are you feeling anxious about being able to settle your tax obligations smoothly and on time?

As far as creditors go, the CRA has by far the most authority. Not only can they freeze bank accounts, they can also garnish wages without having to acquire a court order. It stands to reason that making tax payments should go on top of the list of your priorities.

The good news is, we have information that will help you learn what steps to take for a stress-free tax season and take care of debts you owe to the CRA.

1. Know the CRA Rules and Comply

CRA Rules

Some changes happen to CRA tax brackets and credits every year. Before filing, make sure to read the CRA website to know what has changed. Understanding the know-how can help you avoid trouble and possibly save yourself some money.

  • This is important if you recently changed your job which affects your financial condition.
  • It is a practical method if you don’t have an accountant to file on your behalf.

2. Get Organized

filing for a tax return

Before you start filing for a tax return, make sure that all your documents are in order. Having all your receipts in one place makes it easier for you to file your taxes.

  • Prepare your T4, if you lost your copy ask your employer to send you another one.
  • Learn about the tax credits you are eligible for.
  • Do some research ahead of time to know what your options are and what you can take advantage of.

3. File on Time and Consistently

File on Time and Consistently

CRA is a powerful government agency that takes balances or debt very seriously. They have some strong collection activities that can put your stress levels up of a sudden. Not filing your tax return is not a good idea.

  • For most Canadians, the deadline for filing taxes is April 30th.
  • If you have unpaid balances, then make it a priority to pay the same on or before this date.
  • Penalties and interest charges will be levied for late payments and debt owed to CRA.

4. Pay Your Balance

Pay Your Balance

If you owe money to CRA, make sure to pay it in full and on time. Interest charges can snowball quickly depending on how late you are and the amount of money you owe.

To know the exact interest ratesclick here.

It is important that you understand how interest rates are charged so that you don’t get surprised by how small or big your interest has accumulated from the balance you owe.

Paying your balance in full and on time can save you a lot of money in the future and help you avoid getting deeper into debt. If you need help with CRA tax debt relief, click below to know a government-approved debt relief program.

How to File Your Tax Return and Pay Taxes?

Pay Taxes

Filing your taxes can be time-consuming and intimidating and if this is your first time, you may feel worried and confused. Whatever reason you have, there are options when filing your tax returns and paying your taxes.

Accountant Services

This may not be practical but if you have enough budget and want to experience hassle-free filing. An accountant can help you file your taxes properly ensuring that you don’t miss any credits or benefits. During the COVID-19 pandemic, many accountants are doing online services to provide hassle-free service. Just have your documents ready and speak to one of your trusted accountants.

Tax Clinic

There are tax clinics that provide online services for free. This may be your best option if you are on a tight budget. Tax clinics can help you prepare for your tax return filing and tax payments without breaking the bank.

If what you owe is beyond your ability to pay, or your balance has accumulated to an unmanageable amount, speak with us – we can help deal with any unsecured debt, including CRA Taxes and CERB payments. We will provide you with a free consultation via zoom or phone call. The entire process can be done online, there’s no need to leave your home.

Need Help with CRA Tax Debt Relief?

CRA Tax Debt Relief

If you are one of the many whose life was turned upside down because of the COVID-19 pandemic, you are not alone – we can help. National Debt Relief Services is a trusted debt relief provider in Canada that offers a debt consolidation program without taking a loan.

Our personalized debt relief program can help reduce unsecured debt by up to 75% including CRA taxes and CERB repayments. This means you will only be paying a portion of your debt and the rest is forgiven.

Find more information about this amazing program by taking advantage of our free consultation. One of our expert debt specialists will help you create an affordable monthly payment that will pay off your debt.

Our Clients 5-Star Reviews

Gloria Van Osch
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Michael Cowan is the person I first talked with and he was wonderful. He was very patient with me and never made me feel like I was a write off. He explained the program to me and assured me I would be out of debt in the next 5 years. They were very positive about my situation and never once said anything negative that they couldn't help me. He and his team were very helpful and really seemed genuinely concerned about my getting out of debt with their help. They consolidated my debts and now I just have one reasonable payment. It feels great not to get any more calls from my debtors. Thank you and your team for all your help and understanding.
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Michelle has been AMAZING! We were very scared at first and she eased our minds answered every single question we had and her communication is amazing! She is friendly, caring, and personable! Michelle really goes above and beyond for her clients and that makes this process that much easier!
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Working with Lori Wock and her team was a very positive experience. They helped to ensure a stressful situation was resolved with professionalism and a smile. Thanks for all your assistance!!
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Top 5 Key Benefits of our Ontario Debt Relief Program:

To know more what you can benefit from our Ontario Debt Relief Program, simply try our Debt Consolidation Calculator below and one of our debt specialists will get in touch with you and provide you the best debt relief option that fits your situation.

Do you want to experience Peace of Mind from all of these?

  • Credit Card Debts
  • Personal Loans
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  • Student Loan
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Talk to us! We will help you get out of debt.

We will help you reduce as much as 75% of your debts and consolidate it into a single affordable monthly payment. Your creditors will stop harassing you and all interest will freeze if you get into our Ontario Government Debt Relief Program.

Many Ontarians are already benefiting from our Debt Relief Program, YOU should too!

Find out how much you can write off portion of your debts by getting your Free Savings Estimate below. A debt specialist from National Debt Relief Services in Ontario will discuss all options and provide you tailor-fitted Debt Relief Program.

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the options and savings of all formal debt relief programs available to you.

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Frequently Asked Questions

A Debt Consolidation is a negotiated debt settlement offer made between you and your creditors with the help of a Debt Relief Agency in Ontario. Some key benefits of Debt Consolidation are interest-free program, no upfront fee required, combined monthly payment into one affordable amount, no lawsuits, and many more.

Yes, your assets are safe from creditors. A licensed debt relief agency in Ontario will help you come up with an offer to your creditors that will make sure your assets will be out of the paper.

No, in fact, this is one of the great advantages of a Debt Consolidation Program. All wage garnishment will stop from the day you filed the proposal.

The effect on your credit score is not going to be severe. Your credit score will most probably go to R7 Rating and will remain in your credit report for another 3 years after you completed the program. This means that it will not be permanent and you will still be able to rebuild your credit score.

 

This varies depending on the proposal you will be discussing with the help of a certified debt relief agency. It is also worth noting that debt consolidation cannot exceed more than 5 years.

If a debt is shared, you need to file a joint debt consolidation offer to your creditors. However, in most cases, in which the debts are individually incurred will have no impact on your spouse.

After three missed payments, your debt arrangement with creditors will be broken and you will end up getting chased again for the original debt amount plus interest.

A debt consolidation offer can be paid off earlier if you can. In this way, you receive your “Certificate of Completion” sooner and you can immediately start rebuilding your credit score. 

National Debt Relief Services Ontariois a certified Canadian Debt Relief Agency that offers FREE CONSULTATION to your debt consolidation needs. We value the trust given to us by our clients by making sure your personal information is confidential and private. Our personalized plans are designed to tailor fit your financial capacity. Our specialists will get in touch with you by simply answering a few questions thru the link provided below.

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