2025 Canada tax deadline: when to file and when to pay
As the 2025 tax season slowly approaches, it’s essential for Canadians to be aware of key deadlines for filing and paying their taxes. Understanding these […]
Tax Debt
For professional support with tax debt, explore our content on tax debt help and gaining tax debt relief. Book a free consultation with a professional at Spergel to understand the limitations of the Canada Revenue Agency, as well as your tax debt relief options including bankruptcy or filing a consumer proposal to eliminate debt and stop the collection process.
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What is the after-tax cost of debt for consumers?
When it comes to managing your personal finances, borrowing money can be a double-edged sword. Loans, mortgages, and credit cards can all help you to
CRA debt settlement: how to negotiate
Dealing with tax debt owed to the Canada Revenue Agency (CRA) can be a daunting prospect for both individuals and businesses alike. While all types
What is the penalty for filing taxes late in Canada?
Filing taxes promptly is a responsibility that Canadian citizens and residents alike need to fulfil each year. Life can, however, sometimes get in the way,
Does owing taxes affect your credit score in Canada?
When it comes to financial health, few things are as important as maintaining a good credit score. It affects your ability to borrow money, secure
How to pay off tax debt in Canada
Tax debt can feel like a heavy burden, but with the right approach and resources, it is possible to navigate through it and regain financial
CRA taxpayer relief: do you qualify?
In the ever-complex world of taxation, many Canadian taxpayers will find themselves facing unforeseen financial burdens due to penalties or interest charges imposed by the
What happens if you don’t pay your taxes in Canada?
Although nobody’s favourite topic, taxes are the lifeblood of any country’s economy, facilitating the functioning of essential services and infrastructure. While the vast majority of
Instant tax refund: is it worth it?
Tax season is upon us, and for many Canadians, it is a time of gathering documents, filling out forms, and hoping for a sizable tax
Canadian Disability Tax Credit & CRA debt forgiveness
Tax season is nearly upon us in Canada, and it is so important to claim every tax credit you can. It can help to reduce
CRA sending debt letters? Here’s what you should do
We understand how it can feel when you receive threatening letters from the Canada Revenue Agency (CRA), or any creditor for that matter. The CRA
When does CRA freeze bank accounts?
It is all too easy for many of us Canadians to owe tax debt at some point in our lives. Most often, it is quick
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