Are Canada Revenue Agencies interest and penalties cleared by filing for bankruptcy (this not a court penalty but a penalty set by CRA as a result of late-filing taxes and failure to pay as they are due?.
taxes
Posted on Tuesday, April 10, 2007
posted by Questions @ 10:00 pm
1 Expert Comment:
At April 13, 2007 |
8:03 am
, Barton Goth, GCO, Bankruptcy Trustees Said...
Yes, the penalties and interest relating to latefiling of taxes are cleared up to and including the date of bankrutpcy.
To ensure that the specific tax debts you are referring to are cleared I would suggest you bring any documentation available to a local trustee to be reviewed.
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