CRA Arrears
Do you have past due amounts owing to CRA? I was talking with an accountant the other day and he was saying that Canada Revenue Agency charges 8% on amounts owed to them. He said they usually apply the interest on a daily basis. Yikes. This is a very expensive debt to carry.
Did you know I can help with this (even if your banker has said no). I have mortgage lenders that will help pay Revenue Canada off. All it takes is a phone call with me, we can go through where your finances are sitting and I will give you solutions on what can be done.
Sometimes its easy to push them off, although one day they come in and demand the dollars or payment options that are not quite in your budget. Give me a call and I'll help you structure a new mortgage to pay them out to get them satisfied and off your back :)
I just helped a client of mine, he had been owing CRA since 2020. The amounts just kept piling up, he just couldn't get ahead of them. He was making payments as best he could and just couldn't get caught up and with 2023 tax's being due in a few short months he was feeling exasperated. He called me we went through his options, we paid out all the amounts owing to CRA set him up with a new mortgage with manageable payments. He started the new year fresh and with renewed confidence that he had his finances back in control again. What a relief.
I'll help you start 2025 on a new path, I look forward to working with you.
Warm Regards,
Leann