What exactly is a Wage Garnishment?
A wage garnishment is just a proceeding that is legal which a creditor can lawfully subtract re re payments off your wages to pay for right straight back fees, son or daughter support, or any other debts.
Based on the Ontario Wages Act, many which can be garnished from your own wages is 50%.
Who Can Register a Wage Garnishment and just how Does It Work?
A wage garnishment can be acquired by any creditor which includes unpaid debts due to them, including debt collectors, Canada income Agency, the Court, credit card issuers, cash advance loan providers, or every other prospective creditors.
Generally speaking, a motion must be brought by the creditor to court to acquire a judgment and a Garnishment purchase. Nonetheless, particular creditors such as for example CRA do not require this kind of purchase.