As an employer or Director of a corporation you have been delinquent in paying deductions at source or GST to the tax collector. To the extent that these taxes represent that portion withheld from the employees wages (i.e. trust fund taxes), tax officials can assess and seek collection from "responsible persons such as yourself" in their individual capacity. If the Canada Customs and Revenue Agency (C.C.R.A.) has classified you as a responsible person, you will be held jointly and severally liable with the corporation for the outstanding trust fund taxes.

By allowing us to analyze your situation early on and determine the best course of action, we can usually formulate a strategy to settle this liability. For many taxpayers, this typically leads to an Offer of Settlement or a voluntary disclosure where penalties are waived.

We also do pre-proposal planning and utilize proposals to achieve the best settlement with the Canada Revenue Agency (CRA). Remember, trustees in bankruptcy act for your creditors (i.e. C.R.A.) and not for you the tax debtor. We have no such conflict of interest and act in the best interest of the tax debtor.

In this situation the Notice of Asessment or Re-Assessment has been issued and the problem is whether or not to pay the tax.

If you do not delay and contact us early you may qualify to settle your tax liabilities at a substantial discount on the basis of doubt as to collectibility, doubt as to liability or effective tax administration.

Do not negotiate on your own! Most people do not have the skills or knowledge of the tax collection process to make an offer that is in their best interests.