Es muy importante que presentes la protección de bancarrota antes de que la CRA (Canadá Revenue Agency) registre (tome un derecho de retención) contra tu casa u otros bienes inmuebles. Sin embargo, deben haber tomado las medidas adecuadas para intentar cobrar tus deudas tributarias antes de la fecha de tu bancarrota para que se apliquen estos privilegios especiales.
Si le debes a la CRA más de $200,000 por impuesto a la renta personal y esta cantidad representa el 75% o más de tus deudas no garantizadas, no serás elegible para un finiquito automático y tendrás obligaciones adicionales que cumplir antes de que finiquite su bancarrota.
Conoce más: ¿Cuánta deuda es manejable para tu bolsillo?
¿Qué hacer en estos casos?
En esta ocasión te recomendamos que consultes a un administrador de propuestas y bancarrotas (Licensed Insolvency Trustee) para que evalúe tu situación y te asesore profesionalmente
Y por eso aprovecha una consulta inicial gratuita con Morataya Corp., especialistas en planificaciones financieras, listos para asesorarte de la mejor manera posible y hacer que tus deudas se disminuyan sin dolores de cabeza. En Morataya Corp. podrán analizar todas las circunstancias de tu caso, asesorarte sobre cada una de tus opciones y luego podrás decidir cuál será el mejor curso de acción a tomar.
Puedes contactarlos a través de este enlace o llamándolos al (416)784-0904
Dealing with Tax Debt by Filing an Assignment in Bankruptcy
In some cases, individuals cash in RRSPs in order to pay their tax debts. This may not be the best choice. In fact, for most people, cashing in RRSPs in order to deal with tax debt is the wrong decision. We’ll explain you why.
Under a bankruptcy, you can protect your RRSP. Except for contributions made in the last 12 months, you won’t lose the money in your RRSP if you declare bankruptcy protection.
If you are not able to make an acceptable proposal to deal with your tax debt or other debts, filing an assignment in bankruptcy might be your best way to eliminate your debts. Income tax, HST, PST, GST and payroll tax debts can be included in a bankruptcy and are generally eliminated upon your discharge.
It is very important to file for bankruptcy protection before CRA registers as a secured creditor (puts a lien) against your home or other real property. They must however have taken appropriate steps to attempt to collect on your tax debts prior to the date of your bankruptcy for these special privileges to apply.
If you owe Revenue Canada more than $200,000 for personal income tax and this amount represents 75% or more of your unsecured debts you will not be eligible for an automatic discharge and will have additional duties to perform before the completion of your bankruptcy.
Read more: How Much Debt is Affordable?
What to do in this case?
We recommend that you ask a Licensed Insolvency Trustee to review your situation for advice.
And that’s why we recommend you to take advantage of a free initial consultation with Morataya Corp.
Morataya Corp. will analyze all the circumstances of your case, advise you about each of your options, and then you can decide which will be the best course of action to take.
You can contact them in this link or call them directly to (416)784-0904
