2025-11-05
What should you do when the Canada Revenue Agency calls?
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
Can Old Age Security Be Garnished By Creditors?
The only creditor who can garnish your Old Age Security is Canada Revenue Agency.
However, once it's deposited into a bank account, those funds can be seized by any creditor who has a judgment against you or, if you owe money to the same financial institution that your money is deposited with, that financial institution can seize the funds and apply them against your debt with them.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
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The CRA assessed me: what next?
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The CRA has called to inform you of a balance you owe. What’s your next line of action?
