14. If I fail to pay any assessment made against my sole proprietor company, am I personally liable for payment? If so, can my bank accounts be seized or frozen? What else can they do to collect?

If you are operating a sole proprietorship business you will be personally liable for all debts of the business.  If you are a status Indian section 89 of the Indian Act will protect your property situated on reserve from seizure. However, any property that you own situated off-reserve is subject to seizure for the debts of your business.  What is generally done in the case of a tax liability is that Quebec or Canada will withhold tax credits or government payments that you may be entitled to in compensation of your tax liability.

Source:  Hamilton, Cooper, Ashkenazy

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