Consumer proposals for self-employed individuals and small business owners
If you are a sub-contractor, consultant, or run a small business where you pay your own taxes, then we consider you a small business owner.
Small business owners can face unique financial challenges because they have to remit their own taxes and don’t always receive scheduled income the way someone who is employed would. Factors like interruptions in cashflow, overcommitting to lease space, and not setting aside taxes can cause a serious financial problem to erupt.
Often small business owners inter-tangle personal credit and expenses with their business ones, which even further confuses things.
Sometimes filing for a Consumer Proposal is the right solution for individuals who have accumulated considerable debt that they cannot pay as a result of their business. A Consumer Proposal stops creditor collection action (even by the CRA) and enables you to start fresh with a single monthly payment.
Consumer proposal benefits
Address most tax debts (Income, HST, Payroll, and more)
Unfreeze bank accounts
Stop wage garnishments
Single consolidated monthly payment