Can One Settle Debt At A Lower Cost With the CRA? (Revenue Canada)?
I owe ,500 to Revenue Canada. I am currently on Disability. Someone from Revenue Canada called me up to boss me to pay the outstanding balance. I told him that I am on Disability and could not afford to pay it. I suggested that we settle the balance at a lower amount that I could afford and he said that no one can settle their outstanding debt for less with Revenuer Canada. Is this true?
Also, can he put a garnish on my bank account for the amount owing eventhough i am on disability?
Thanx!!!
Posted January 23rd, 2012 in Debt Settlement. Tagged: boss, disability, garnish, revenue canada, revenuer.
You will never get a discount with the Revenue. If your disability is longterm you could seek to have the debt written off, but don’t hold your breath! Otherwise you would be better off trying to make an agreement with them to pay a token sum per month until you get back working.
Your account may only be garnished by order of the Court, and bearing in mind your circumstances, I could not foresee any Judge granting that order
January 23rd, 2012 at 9:10 pm