Frozen bank account and CRA wants a waiver signed

Hi Dan

I just had a call from a gentleman named XXXX.  CRA has froze his company bank accounts because he is behind in filing GST & Source Deductions.

He had a nice collection agent that was working with them while they worked on getting up to date, they had written about 10 post dated cheques all of them were cashed but the file was transferred to a new agent who is being unreasonable.  He froze the bank accounts and wants X to sign a form that he owes $150,000 and he might let one of the accounts go.

He is looking for help in dealing with this, I know you are out of the office all day today so I did not schedule a phone meeting.  His email is if you wanted to email him later and the notes are in GEEMO

Let me know if you need anything today!!


Dan’s Answer:

Hi X,

I am glad you contacted us.

I left a message for you on your voice mail, however I will also send you this email.

You should not sign the agreement because CRA would not ask for that if they were not sure you owed the money. Once you sign the agreement, you will be committed to it. It will be next to impossible to get out of the debt then. CRA will have hung their hat on it and will hang you out to dry. The word “might” tells you that they “won’t” unfreeze any accounts unless they deem it in their interest.

What it boils down to now is, you need a risk management analysis and strategy. Now that you have been selected for terrorizing and it has to do with payroll and HST, this is bad news and there usually is no mercy.

Let me know when a good time to talk is.

Best Regards
Dan White

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