Saving Money
Taxes: Save Money, Solve Problems
Having Problems Paying Taxes?
If you owe Revenue Canada, you do have options in how you go about paying.
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1. You can make payment in full by way of cheque or money order payable to the Receiver General, along with your completed remittance voucher (included with your Notice of Assessment, Notice of Reassessment, or Statement of Account) to:
- Canada Revenue Agency
- 875 Heron Road
- Ottawa, ON K1A 1B1
- Post-dated cheques are accepted.
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2. Electronic payment using your financial institution’s internet or telephone banking services. You can make your payment free of charge at your financial institution in Canada. -
3. You may also make payments via a pre-authorized debit plan. For information, call 1-888-863-8657, Monday through Friday from 8:00 a.m. to 5:00 p.m. -
4. Payment Arrangements can be made after you have made a reasonable attempt to attain the funds to pay in full and on time. Your balance will be subject to daily compound interest. You can call 1-866-256-1147 to utilize the TeleArrangement service or you can talk with an agent at 1-888-863-8657.
If you think you are going to have trouble paying your tax obligations to the government, be sure to file your return on time anyway. It is a serious offence to ignore your financial obligations to the government and steps could be taken to garnish wages or worse in the event that you don’t take responsibility. For help and guidance, call Consolidated Credit Counselling Services of Canada, Inc. at 1-800-656-3920.
Additional Resources:
The Revenue Canada website is www.cra-arc.gc.ca
www.tax-news.com
Tax Secrets of Millionaires by former tax attorney Scott Estill.
Learn more at www.bizhelpcentral.com
