Alberta Bankruptcy

Author:

Anonymous

Question:

i owe the government 22 grand in back taxes from three years ago. i was fined and penalized heavily cause i never filed, the majority of this is penalties and interest. i cant afford this bill as i am no longer self employed and have the same job. what should i do?

From:

Alger & Associates Inc.

Date:

Sep 08, 2010

Answer:

Canada Revenue Agency has the right to issue penalties and interest on oustanding tax filings and if you cannot afford to pay the amount back in a reasonable time frame then a bankruptcy or proposal is the likely solution.

Karen Rideout
phone: (403) 296-2973
krideout@alger.ca