Paying off CRA debts
If you (or your company) have CRA debt but lack funds, we can help you repay it. Some CRA debts like payroll and GST are usually registered on a mortgage title and will need to be fully paid out before you can get any financing. This is where a CRA loan can help.
CRA Loan Case Study:
One of our clients had unpaid GST and payroll debt with CRA but they did not have the funds to pay. The clients’ lender could not renew their mortgage until their debt was paid out. We stepped in and acquired a short-term second mortgage for them which allowed them to repay their CRA debt. Once the debt was cleared, the clients got a larger mortgage from their current lender and paid us out.