Statutory Debts

2008-07-09

Statutory debt means debts that have been created by other Statutes. For example, income tax debt under the Tax Act, GST debt under the Excise Act, payroll deductions, PST, WCB. These debts have different priorities and differing treatment in a bankruptcy and in a proposal. If you would like to discuss the specifics of the debt you are referring to, please don't hesitate to send me a confidential email. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller 403.537.7657  or  1.877.500.0792 [email protected]

Latest Blog Posts

2025-11-05

What should you do when the Canada Revenue Agency calls?

Wesley Cowan

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?  

Read More

2025-11-03

Aiming to pay off your Consumer Proposal early? Here’s what you need to know

Leah Drewcock

Consumer Proposal

Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.

Read More

2025-11-03

What steps can you take to improve your credit score?

Mary Plahouras

Credit Counselling

By effectively managing your secured and unsecured debt repayment, you will be well positioned to understand and improve your credit score.

Read More

Consultation icon