Discover the Canada Revenue Agency’s options to help you settle your tax debt

CRA Information, CRA Tax Tips, What's new from CRA / By Tax Admin

Did you receive a letter from the Canada Revenue Agency (CRA) telling you that you owe money? CRA understands this can feel stressful, but they can work with you to resolve your debt.

Let CRA help you
It’s important that you read all correspondence you receive from the CRA. The information and directions in the letter will explain how you can pay your debt.

It’s better for you to contact CRA as soon as possible
If you can’t afford to pay your debt in full, or on time, contact CRA to discuss your situation.

You may be able to:
– Calculate your ability to pay
– Pay your debt over time
– Find other ways to reduce or resolve your debt
– Change a payment arrangement
Visit Debt collection at the CRA to learn more about the options that are available to help with your debt payment.

Click here to learn more

Information source from Canada Revenue Agency (CRA)

Close-up of tax-related items including coins, calculator, and word 'taxes' on a green background.

The Tax-Free Savings Account (TFSA)

ByTax Admin August 14, 2025 CRA Information,CRA Tax Tips,What's new from CRA

What is a TFSAThe TFSA program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number (SIN) to set money aside tax-free throughout their lifetime...

computer, business, gdpr, legislation, regulation, protection, privacy, information, internet, european, data, law, security, access, controller, secure, safety, protect, communication, gdpr, gdpr, gdpr, gdpr, gdpr, privacy, privacy, privacy

Tax season may be over, but protecting your information is a year-round priority

ByTax Admin August 6, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Tax-filing season may be over, but protecting Canadians’ information remains a year round priority. The Canada Revenue Agency (CRA) continuously works to monitor and detect fraud throughout the...

A family unpacks moving boxes in their new home kitchen, creating a cozy atmosphere.

Tax Free Savings Account – Watch your limit and stay within it!

ByTax Admin July 30, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to tax? Excess...

apartment, living room, couch, contemporary, furniture, home, room, indoors, interior, interior design, modern, sofa, windows, home furniture, interior decoration, home interiors, apartment, apartment, apartment, living room, living room, living room, living room, living room, furniture, home, home, home, room, room, interior, interior, interior design, interior design, sofa, sofa

Make the most of your first home savings account

ByTax Admin July 23, 2025 CRA Information,CRA Tax Tips,What's new from CRA

A First Home Savings Account (FHSA) lets you save for a qualifying home with tax-free growth and tax-deductible contributions, making it a great option for potential first-time home buyers. But, it’s...

Close-up of hands holding a credit card and typing on a laptop keyboard for online shopping.

Payments to the CRA

ByTax Admin July 15, 2025 CRA Information,CRA Tax Tips,What's new from CRA

The CRA accepts many payment methods. Find out which way to pay works best for you. To see what options are available for a specific payment you are making, answer a few questions at CRA website below...

Detailed close-up image of a shopping receipt showing GST and total changes.

When to register for and start charging the GST/HST

ByTax Admin July 10, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Effective June 17, 2024, individuals with a SIN that starts with the number 9 can now use the Business Registration Online service to register and instantly obtain a business number and a GST/HST...

Man working on a laptop outdoors, embracing remote work lifestyle. High angle view.

Do you need to change your tax return? Skip the paper request – do it online!

ByTax Admin July 1, 2025 CRA Information,CRA Tax Tips,What's new from CRA

When it comes to filing an income tax and benefit return, most individuals choose to file online because it’s fast, easy, and secure. This tax season, more than 95% of all tax returns were filed...

Close-up of a hand signing insurance documents in an office setting.

Reminder – Do you have T1 returns that need to be retransmitted?

ByBilly Tsang June 24, 2025 CRA Information,CRA Tax Tips,What's new from CRA

Did you know that you can log in to our secure EFILE web service whenever it’s convenient for you? It’s easy!1) Sign in to the secure site with your EFILE number and password.2) Click on the...

Accountant analyzing financial documents with a calculator on a desk, highlighting business tasks.

Self-employed? Get ready for tax season with these helpful tips from the CRA

ByTax Admin June 16, 2025 CRA Information,CRA Tax Tips,What's new from CRA

If you’re self-employed, tax season can feel overwhelming, but the Canada Revenue Agency (CRA) is here to help you! Whether you’re a sole proprietor, freelancer, or running a small business...