Suncoast,

Check with a licensed attorney on that – the concept is called “fraudulent conveyance” and I think they can turn back the clock as far as 2 yrs. I have seen creditors pursue this angle if they are permitted to by timeframe.

Yes piercing the corporate veil is quite common in situations like this. The PST money is suppose to be kept in trust so they have a very good case to go after you personally. Transferring the house can likely be reversed.

Yes I was. I tried to resign but then you cannot leave a Corporation without a director. My problem is with Directors liability.

Were you incorporated?

I closed up my company 2 years ago. I owed 80K in PST made up of $50,000 principle. $30,000 penalty/interest.
I paid the $50,000 out of my own pocket the tax officer was amazed. You see there no fighting and no threatening I paid the principle and as a good will gesture they suggested that they would not pursue it further. Well they did pursue and are getting nasty.

While they have not yet ordered me to personally pay they are getting to that stage.

Just before I closed the company I put my house into my spouse’s name. Mostly because I had used my ½ of the house’s equity and my spouse was concerned about the other ½. The other reason is that my Lawyer and my accountant said I should.

The Tax collector was unimpressed (frothing) and told me that they would “take it anyway” and throw in a charge of “fraud’ for good measure.

I have informed them that we will fight all demands for money.

Any advise/comments?