Small Business News

Canadian individuals and businesses owe $25-billion in overdue taxes to the federal government, newly released figures show — enough to pay off more than half the national deficit if the money were collected.

The tab for overdue taxes has been climbing in recent years, according to the Canada Revenue Agency. The $25-billion figure, the amount owing as of March 31, represents an increase of more than 35% over the total owing five years ago, when overdue taxes stood at $18.5-billion.

Read more: http://www.nationalpost.com/Canadians+unpaid+bill+grows+billion/3967319/story.html#ixzz18DqZhvaC

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