CRA can seize your RRSP and TFSA savings

If you owe tax, the CRA can seized funds from your RRSP and other savings accounts. The CRA can issue a Requirement to Pay letter to any financial institution demanding to take over your hard-earned savings.

Yes, the CRA can garnishee your wages

The CRA has the power to garnish your wages or in other words, demand that your clients pay them directly instead of you. And they can do this without first you having the right to appear before a judge.

CRA can freeze your bank account!

If you receive a letter from the CRA saying “that if you don’t pay tax owing the CRA may take legal action without further notice”, know that they are coming for your accounts. After repeated requests, for payment in full or an arrangement to pay over time, the CRA will use its powers to demand payment from your bank so any money coming into your bank go directly to them.

Yes, the CRA can put a lien on your house

The CRA oftentimes will resort to putting a lien on your house even if you have joint ownership with your spouse who may have nothing do with the debt owed. Often times, this causes a lot of issues, because once a lien is place on the house it becomes part of the mortgage and much more difficult and expensive to get out of it.

CRA can access to your bank records without your consent

CRA has the power and jurisdiction to request your bank to provide them with records of banking and transactions without your permission or consent.