Covid Related Debt?
Did you collect CERB, CRB or other Covid related benefits? Are you concerned you may owe some of these benefits back? If you received benefits you shouldn’t have, CRA will eventually be looking for you to pay them back. If you can’t manage, we can help!
Just like income tax debts, these overpayments are unsecured debts that can be dealt with through a consumer proposal or a bankruptcy. Many people think that there is no way to get rid of government debt without paying it, but that is not true. Most amounts owing to CRA are just debts that are included just like a credit card or loan would be. Even trust funds like payroll deductions and HST can be included. You need the help of a Licensed Insolvency Trustee like Vine and Williams to make this happen. CRA will not make a deal through a debt settlement company or credit counsellor.
There was a lot of confusion surrounding eligibility for these benefits, especially at the beginning. I spent hours reading about the programs and received calls from many people, and I still had questions. Many people called CRA and even they were at times confused. If you claimed benefits by mistake, don’t worry.
Call us for a free consultation and we can help you understand your options. No upfront fees, no obligation, just information. Vine and Williams – 1-833-808-8463 or Contact Us by email.