Licensed Insolvency Trustees
Licensed Insolvency Trustees
Tax debts
At Mallette Redressement financier, we understand how overwhelming tax debts can be. That's why we offer our experience as licensed insolvency trustees to help you manage your unpaid tax obligations. We'll explain everything you need to know about tax debts, their consequences and how to manage them.
All about tax debts
When you accumulate tax debts, it is important to understand that the governments of Quebec and Canada have the power to recover the amounts owed. They have various tools at their disposal to ensure that taxpayers meet their tax obligations.
Here are some of the tools that can be used:
Garnishment of wages: If you are unable to pay your tax debts, governments can order your employer to deduct part of your wages to pay off your debts.
Freezing your bank account and seizing funds: Governments can freeze your bank account and seize funds to pay off your tax debts.
Seizure of accounts receivable: If you are self-employed, governments can seize money owed to you by your customers to pay off your tax debts.
Seizure and sale of your property and assets: Governments can seize and sell your property and assets or publish a legal mortgage on your home.
Faced with these potentially serious consequences, it's important to meet with a Mallette Redressement financier advisor. We can assess your financial situation, discuss your options and help you find the best solutions to get out of your financial problems related to tax debts.
Frequently asked questions
How can I get help to settle my tax debt?
If you have tax debts and need help, we recommend that you make an appointment with one of our advisers at Mallette Redressement financier. They will be able to assess your situation and suggest solutions tailored to your needs.
What are the consequences of an unpaid tax debt?
The consequences of an unpaid tax debt can be serious. Governments can seize your wages, property and assets. So it's important to take steps to settle your tax debts as quickly as possible.
How can I pay my tax debt?
There are several ways to pay off a tax debt, including setting up a payment plan with the tax authorities or exploring options such as a consumer proposal or personal bankruptcy. A Mallette Redressement financier advisor can guide you through the process and help you find the best solution for your financial situation.
Is it true that I'll never be free of my tax debts?
This is not true. A tax debt, unless it is fraudulent, will be treated like any other debt and discharged in the same way.
Meet with an advisor to sort out your debt problems
Are you concerned about your financial situation? Our advisors have several solutions to help you regain peace of mind.
Our qualified team will listen to you and answer all your questions. Call us today!