Dealing with Tax Debt: Why Acting Now Matters

"Facing tax debt is stressful, but you don't have to go through it alone."

Dealing with tax debt can be overwhelming, but ignoring it won't make it go away. In fact, delaying action can lead to more complications down the road. If you're in the Ottawa area and facing tax issues, it's crucial to address them sooner rather than later. Unpaid taxes can accumulate interest and penalties over time, so the longer you wait, the more you'll owe. The Canada Revenue Agency (CRA) can also take legal actions like garnishing wages or seizing assets to recover unpaid taxes.

By acting promptly, you have the opportunity to explore payment options and set up manageable plans based on your financial situation. If you believe the CRA has made an error in your assessment or reassessment, you have the right to object. You might also qualify for taxpayer relief, which can reduce or eliminate penalties and interest.

At Fiszman Tax Law, we can help clarify what you owe by reviewing your situation thoroughly. We'll ensure all your payments are accounted for and properly applied. If there's a mistake in your assessment, we'll assist you in filing an objection. We'll also help you apply for taxpayer relief if you're eligible. Facing tax debt is stressful, but you don't have to go through it alone. We're here to help you navigate the process and find the best solution for your situation. Take the first step and reach out to us.

THE INFORMATION PROVIDED IN THIS ARTICLE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL ADVICE. FISZMAN TAX LAW RECOMMENDS CONSULTING A QUALIFIED ATTORNEY FOR ADVICE PERTAINING TO YOUR SPECIFIC SITUATION.