CRA BANK LEVY
CRA BANK LEVY
Ignoring your taxes, or failing to pay taxes can result in the CRA simply taking your money by way of a bank levy.
This is a legal order sent to your bank telling them to freeze the money in your accounts. Once the bank receives this levy notice, it is required to freeze all funds in your accounts, up to the amount you owe the CRA. You will not be able to get to this money at all! This is true even if they must send all of your money.
Because this form of CRA debt collection is so severe, it is vital that you get help as soon as you receive a “notice of intent to levy”. Bank levies are serious, so it is imperative that you seek help from experienced tax team to stop the CRA from taking your money before it is too late.
At CRA Tax Rescue, our team of professionals have a vast amount of experience in negotiating with the CRA. Your best hope of convincing the CRA to remove the levy is to let professionals negotiate for you. As a tax resolution group, we have helped thousands of people solve their tax problems. While bank levies are usually the result of ignoring the CRA for too long, it’s never too late. Don’t wait another day, contact the tax professionals at CRA Tax Rescue for a FREE confidential consultation about your levy today.