Assessed under a Section 160 Transfer
If you are a tax debtor and transfer any of your assets to somebody that you are not dealing at arms length with, such as a family member, you may also transfer your debt to them.
Examples of this include:
– Transferring ownership of any property from a debtor to a non debtor.
– If the debtor pays the mortgage of a property held in joint tenancy.
– If the debtor puts money into a joint bank account.
– If a corporation is the debtor and pays dividends.
If the Canada Revenue Agency has begun contacting you about any of these issues it is critical that you receive proper representation. We can protect the assets of your friends and family.