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Break free from tax debt

Are you worried about falling behind on your tax payments, or do you have an outstanding tax bill you need to pay? Paying taxes late is not uncommon, as it happens to every 1 out of 10 Canadian. Tax debts are becoming a top reason for Canadians borrowing money. Tax debts start accumulating if you miss a payment date for a bill issued by CRA or your municipality. Tax debt begins by missing the payment date for your taxes payable, which may lead to involvement with the Canada Revenue Agency or your municipality. Did you know you could take out a home equity loan to pay off your tax debt? Whether it is business taxes, personal taxes, or property taxes, Alpine Credits can help you find an excellent financial solution.

Resolve financial burden faster with a home equity loan

Tax Debt

The Canadian Revenue Agency charges daily compounding interest on the amount you owe, which adds up very quickly.

If your outstanding balance goes unpaid for too long, the CRA can withhold your child tax or GST credits, garnish your wages, freeze your bank accounts, investments, and issue a lien against any properties you own.

Banks have stringent income and credit criteria requirements to secure a second mortgage to pay off your debts. Alpine Credit’s only criteria to get a home equity loan is that you own your home.

Homeowners get approved in less than 24 hours

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Apply online in minutes

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Get approved in less than 24 hours

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Funds are deposited directly into your account within a week.

Apply now

See how Alpine Credits compares

When it comes to investment opportunities you need to move quick. See how traditional banks, credit cards, and other loan options compare to a personal investment loan from Alpine Credits to help you make the best financial decision.

Credit cards

Credit cards are known for their high interest rates, making them harder to pay off. Plus, it negatively impacts your credit score any time you miss a payment.

Traditional banks

Banks have stringent criteria in order to qualify for a loan and require a lengthy amount of time and paperwork to apply.

Personal loans

These loans are typically unsecured, which means higher interest rates. Plus, you’ll pay interest on the total loan amount, even if you don’t need it all.

Approved-stamp

Own your home? You’re approved.

All you need to qualify for a loan is to own your home (or other real estate). Traditional banks look at factors such as your age, income, and credit history to approve you for a loan. At Alpine Credits, we focus on the amount of equity you have in your home or other real estate properties. We make the process as quick and easy as possible.

Apply now

Frequently asked questions

If you owe taxes in Canada, you might be wondering if you can get a loan to pay off the owed amounts. The answer is usually no. If you are behind on your taxes, the Canada Revenue Agency (CRA) will likely be one of your biggest creditors. The CRA is a government agency that is responsible for collecting taxes from individuals and businesses in Canada.

Because the CRA is such a large creditor, most banks will not offer a loan to someone who owes taxes. However, Alpine Credits offers home equity loans to homeowners in Canada, regardless of their credit score or financial status. So if you are looking for a loan and you owe taxes, don’t worry – Alpine Credits can help.

Unfortunately, the answer is usually no. The Canada Revenue Agency (CRA) does not typically forgive tax debts. However, there are a few things you can do to try and reduce or eliminate your tax debt. One of them is to apply for a home equity loan for tax debt. Alpine Credits offers home equity loans to homeowners in Canada who are struggling to pay their tax debt. With a home equity loan, you can borrow money to pay your tax debt and then work with the CRA to create a payment plan that is more manageable for you.

Unfortunately, most banks will not offer a loan to someone who owes taxes. However, Alpine Credits has been helping homeowners with home equity loans to pay back taxes and solve this financial burden. All you need to do is fill out our form, and we’ll get back to you in usually less than 24 hours, and if you are approved, we will deposit the money directly into your bank account.

**The above chart entitled “Monthly Loan Payments on $35,000” is for discussion purposes only. The graph is intended to illustrate various monthly payments associated with different product offerings to the reader. Please see below for the unique terms and conditions related to each offering. Final rates and payments for all loans in question are subject to change and vary based on each individual’s situation.
Bank Loans: $35,000 interest-only loan with fixed rate prime (2.95%) + 3% / monthly payment. Two-year term in which 100% of principal is owed at the end of the term. Other fees (appraisal/legal) may apply.
Alpine Credits 1st Mortgage: $40,500 (net $35,000) interest-only loan with 5.75% interest rate in year one and prime + 4.00% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Alpine Credits 2nd Mortgage: $40,500 (net $35,000) interest-only loan with 8.75% interest rate in year one and prime + 6.05% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Credit Cards: $35,000 loan paid off in 5 year & monthly PMT. 19.99% interest rate & fee of primary and secondary user ($99 + 30$ = $129 Yearly).
Online Loan 1: $35,000 loan paid off in 46 Months/Bi-weekly PMT with a 26.90% interest rate. Loan details have been taken directly from the online lending company’s website. Other fees may apply.
Online Loan 2: $35,000 loan paid off in 4 Years/Bi-weekly PMT. Loan details have been taken directly from the online lending company’s website. Other fees may apply.