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Free Debt Consolidation
No contact details required to find out if you qualify
Failing to pay your tax obligations on time can lead to penalties and interest charges. Unlike any other creditors, CRA is a powerful government agency that performs collection activities to another level. However, there is a taxpayer debt relief program available for Canadians.
Know more about us and what we can do by clicking on the button below…
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Learn more about this government tax debt relief program and how you can qualify.
Penalties are charged at a 5% rate of the unfiled tax return and an additional 1% on each month you are late in filing up to 12 months. There will also be an additional 10% for unreported income if you repeatedly fail to file, and 50% of the tax you owe.
When you file your income report, you can apply for a CRA Taxpayer relief program. But certain conditions need to be assessed by CRA to grant your request.
It is important to note that this taxpayer relief program can only help you with waiving penalties and interest charges, not the tax obligation itself.
Do you qualify for the CRA Taxpayer Relief Program based on the above scenarios? CRA will require you to provide more information about your current situation.
The form RC4288 is available on the Canada Revenue Agency Website and can be also downloaded at this link.
To assess your finances and the accuracy of the information you provided, more details need to be submitted to CRA including completion of the form RC376 or the “Statement of Income and Expenses and Assets and Liabilities for Individuals”.
You may send the forms and other supporting documents by mail to the designated CRA office. You have 10 years from the end of the calendar year to request CRA Taxpayer Relief.
Your CRA Taxpayer Relief request will be reviewed by personnel of the Canada Revenue Agency and will then prepare a report for the CRA official that will handle your case.
During the review process, you may be contacted by CRA to provide additional documents supporting your claim or provide missing information or clarifications.
Factors that can affect your application and the decision towards your request:
If you get rejected or denied of your request for CRA Taxpayer Relief, you can request a second-level administrative review. This request must be done within 30 days from the date you received the decision.
A second administrative review request will include the following:
The second review will be done by a different team of CRA personnel to maintain an impartial and fair decision.
However, if the second review ends up rejected again; you can apply for a judicial review to the Federal Court. This should also be done within 30 days from the date of the 2nd decision.
Since the CRA Taxpayer relief provision only applies to penalties and interest charges, CRA has no power to reduce the actual tax obligation you owe to the agency.
If you don’t qualify for the program, or if the taxpayer relief is not enough to solve your tax crisis, we can help.
We can settle your tax debt with CRA through our government-approved debt relief program. All unsecured debts can also be included in this debt consolidation plan and will help reduce your debt by up to 75%.
At National Debt Relief Services, we negotiate with your creditors on your behalf and create an affordable payment plan.
Know more information about this amazing program by taking advantage of our free consultation and know how much you can save in minutes. We understand the importance of your health and your family, that is why this process can be done at home.
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.
No contact details required to find out if you qualify
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.
SEE IF YOU QUALIFY TO:
No contact details required to find out if you qualify
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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