Wealth InSight

Wealth InSight

Taxation

Why Do You Owe Money to CRA? The Hidden Reasons Most Canadians Miss

Not All CRA Debts Are Taxes—Here’s What You Might Be Paying Back

Consultant Manpreet's avatar
Consultant Manpreet
Apr 20, 2026
∙ Paid

Many Canadians assume that owing money to the Canada Revenue Agency (CRA) only happens when taxes are underpaid. In reality, CRA balances owing can arise from multiple sources—ranging from income tax…

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