Tax Debt Solutions Using Home Equity
Owe CRA money? Use your home equity to pay your tax debt in full, stop penalties and interest, and avoid liens and garnishments.
CRA Debt Grows Faster Than You Think
CRA charges compound daily interest on unpaid taxes—currently around 9-10% annually. Add penalties of 5% plus 1% per month, and a $50,000 tax bill can grow to $70,000+ in just two years.
Worse, CRA has powerful collection tools: they can garnish your wages, freeze your bank accounts, and place liens on your home—all without going to court. The best defense is paying them off quickly using your home equity.
Act Fast:We've helped clients avoid wage garnishments by securing funds within 7 days. The sooner you act, the more options you have.
Common Tax Debt Situations We Handle
- Unexpected reassessment or audit results
- Business taxes owed from previous years
- HST/GST arrears for business owners
- Self-employment income tax owing
- Unfiled returns catching up
- CRA payment arrangement you can't maintain
Benefits of Paying CRA with Home Equity
Take control of your tax situation before CRA takes control of your assets.
Stop CRA Penalties
CRA charges compound interest daily. A home equity loan stops the bleeding and gives you a fixed, manageable rate.
Avoid Liens & Garnishments
CRA can place liens on your home and garnish wages. Acting quickly protects your assets and income.
Keep Your Privacy
Unlike CRA payment plans that appear on your record, a private home equity loan keeps your tax issues confidential.
Flexible Terms
Choose repayment terms that fit your budget—from 1 to 30 years depending on the loan structure.
Four Steps to Clear Your Tax Debt
Confidential Assessment
Tell us about your tax situation. We'll review your options without judgment.
Equity Evaluation
We determine how much equity is available to clear your tax debt completely.
Fast Approval
Private lenders can approve in days, not weeks. Time matters with CRA.
Pay CRA in Full
We send funds directly to CRA. Your tax debt is cleared. One payment to us going forward.
Tax Debt Solution FAQs
Can I use home equity to pay CRA if they've already placed a lien?
Yes, in many cases. The new loan pays off the CRA lien as part of the transaction. This is actually a common scenario we handle. The key is having sufficient equity.
How quickly can funds be available to pay CRA?
Private lenders can often fund within 5-10 business days. For urgent situations with impending garnishments or collections, we prioritize speed.
Will the interest rate be higher than a regular mortgage?
Rates for tax debt solutions typically range from 7-12% depending on your situation. While higher than prime mortgages, it's far less than CRA's compound interest plus penalties.
Do I need to show how I'll pay my taxes going forward?
Lenders focus primarily on your home equity and ability to make the new loan payment. We can discuss strategies to prevent future tax debt during our consultation.
Get Your Tax Debt Solution Started
We understand tax debt is stressful. Our team handles these situations with discretion and urgency. Get confidential help today.
- 100% confidential consultation
- Fast funding for urgent situations
- Solutions even with existing CRA liens
Request Your Free Consultation
Share a few details about your situation and our team will reach out within one business day. No obligation, no pressure — just expert advice tailored to your needs.
Speak with a Professor
Schedule a complimentary 30-minute consultation with our team. We'll review your situation, walk you through the options, and outline a path forward — no obligation.
Or call 647-955-9400
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