Any type of financial lien can have a damaging effect on a person’s life. The most damaging is when the CRA puts a lien on your property. This can take place when there is a blatant disregard to any communication with the Canadian Revenue Agency pertaining to all forms of tax remittances.
This is one scenario where avoidance is the best tactic. The intelligent way to circumvent this type of situation is to regularly pay your taxes and ensure that they are correct every time. The way to do this is to have one of the tax professionals located in an Income Tax Ottawa Office near you, do the work for you. Understand that this is a last resort for the Canadian Revenue Agency before they seek prosecution.
It is never a good idea to avoid dealing with the CRA, therefore, always keep an open line of communication with them. Naturally, having a professional tax accountant in Ottawa will help in any situation, as they can guide you through the steps necessary to alleviate the stress and financial burdens brought on by ignoring your tax responsibilities. Doing so, the CRA allows you the time to straighten out any mistakes, should one appear in your tax records.
Overall the process for fixing a property lien is similar to squaring away a wage garnishment. Understanding that you should keep all correspondence and contact information. Contacting a tax professional in an Income Tax Ottawa office near you.
Then letting them help you establish a timeline for completion of the return in question and setting up a payment plan to satisfy the tax debt. In some cases after it is all said and done, the amount owed can end up significantly below what the initial estimate produced by the CRA was. This is one of the benefits you can get by using an Ottawa tax professional in one of our many offices in the area.