If you owe money to the CRA Debit, you’re facing one of the most difficult financial obstacles. Canada Revenue Agency (or CRA) can put a claim on all your assets if you don’t pay your taxes, including seizing and selling your house!
This could lead to losing the equity you worked so hard to build and leaving your family in a tough situation. CRA bills can often make it hard to keep afloat with all the penalties, DAILY compound interest and late fees.
In this time of confusion and financial need, it is crucial to analyze your problem and find the right solution.
Understanding CRA and tax returns
One of the most important things you can do if you are approached by CRA collection agencies about your unpaid taxes is to not panic.
CRA taxes is often accrued due to being self-employed or an employer not remitting enough taxes on your behalf. Having CRA taxes owing limits your ability to tap into your equity, or get approved for a mortgage.
If you haven’t filed in a few years, the CRA may conduct an assessment until you have filed. It is very important to ensure that you file your taxes every year. This allows you to include any deductions that you are entitled to and ensure you are getting taxed in the correct income tax bracket.
However, keep in mind that if you have had a financial obligation for a long time, you will incur significant interest costs, which would increase the amount owed.
This leaves you with one option; seeking outside help. When seeking money, when you need it the most, traditional banks will not help with CRA tax situations. Lets us show you how we can help you save money on those high penalties, interest rates and fees.
Freedom Capital will help pay your CRA tax
Freedom Capital provides options to take out a home equity loan to help people who owe money to the CRA Debit. Our sole focus is delivering fast & easy access to money, even to the most challenging of cases, while providing sound advice every step of the way.
We will refinance your property based on your equity, so you can pay that off. Freedom Capital will eliminate the compounding interest the CRA is charging, and in doing so will help get you back to a stable financial situation.
We deal with each and every type of consumer, from self-employed borrowers to residential real-estate investors to borrowers with recent credit events. We have an extensive network of lenders who fund deals immediately, even the most challenging ones.
Freedom Capital is committed to helping everyday Canadians gain back their financial lives and free them from the bonds of liabilities. Our strength is in our innovative and creative approaches to delivering fast and easy access to money to pay off CRA taxes even to the most challenging of cases.
We can help you pay off CRA taxes and get back to an ideal financial situation, inquire or apply now at www.freedomcapital.com