About The Author
Victor Fong, CMA, CIRP is licensed Trustee in Bankruptcy and Chartered Insolvency and Restructuring Professional with several years of experience in all facets of insolvency, both personal and business. Victor currently focuses on bankruptcies, formal proposals and restructuring for consumer debtors. He also devotes considerable energies to debtor rehabilitation through credit and budget counselling.
canada revenue agency Archive
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How CRA collects income tax debt
Posted on July 10, 2010 | No CommentsThe Canada Revenue Agency (“CRA”) has significant powers under the Income Tax Act (“ITA”) to collect personal income tax debt. This post examines the collection procedures most commonly used. Charge... -
Bankruptcy and personal income tax debt
Posted on June 20, 2010 | No CommentsDespite beliefs to the contrary, personal income tax debt is treated no differently than most other types of debt under Canadian bankruptcy law. However, this statement comes with a caveat,...