Will Canada Revenue Agency report the debt I owe them to credit bueraus?

Question

As a result of an audit I owe CRA 28000 dollars and we have arranged payment plan, do they usually report this to Equifax and Transunion bueraus?

Answer 1

Yes, they most definitely report it.  

Your debt owing to the government comes first.  Any creditor you have now, or may have in the future, has a right to know who you owe money to.

If you happen to own the home you live in, and have a mortgage, you're in for a suprise at your bank when it comes time to re-finance.  CRA will automatically put a lien on your title, and the bank will demand that you pay your CRA debt in full before they renew your mortgage.  You will not find any other bank willing to let it remain on your title.  Paying your CRA debt ASAP is your only option at this point.

Answer 2

I don't believe so.

I've owed CRA money a few times over the last 10 years and entered into a payment plan and have never had it appear on my credit report.

They may have changed the rules recently but I thought there were confidentiality rules that prevented this sort of thing (plus they do have a bit of a monopoly on things, they're eventually going to get your money).

Easiest way to be sure is to ask them.