Receiving a debt notice from the Canada Revenue Agency (CRA) is a very serious situation that requires immediate and thoughtful action. The main rule: do not ignore this correspondence. The CRA has much broader powers than banks or private lenders — the agency can garnish wages, freeze bank accounts, and seize property even without a court order.
Quick, organized action gives you a chance to avoid the most painful consequences — frozen accounts, seizures, and pressure. Below is a step-by-step guide with real tools available in Calgary.
Notice of Assessment (NOA):
Notice of Collection:
Typical timeline:
Before calling, have the following information ready:
A. Payment Arrangements:
Tips:
B. Taxpayer Relief Application (form RC4288):
C. Notice of Objection (appeal of the amount of debt):
Wage garnishment (seizure of wages):
Up to 50% of net wages (employee)
Up to 100% of income (self-employed/contractor)
Protection applies in Alberta: the first $800/month is not taken, and protection increases for dependents
Bank account freeze:
CRA sends a “Requirement to Pay” to the bank — the account is frozen without warning
All funds may be used to repay the debt
Seizure of property, accounts receivable:
Customers are required to pay CRA, not you
CRA may file a claim for seizure and sale of property
Notice of Intention (NOI) to Make a Proposal:
For serious financial difficulties — contact a Licensed Insolvency Trustee (LIT)
All CRA enforcement actions are frozen (legal stay of proceedings)
Time for restructuring
Not bankruptcy, but a responsible step!
Orderly Payment of Debts (OPD) — only in Alberta:
Consolidation of all debts, including taxes
Stop interest/collection, repayment plan up to 5 years
Available through Money Mentors, other agencies
Receiving a debt notice is not the end of your financial story, but a chance to resolve everything quickly and without loss!