Deal with urgent balances
Tax Arrears Second Mortgages
Review secured financing options for CRA balances, property tax arrears, or other tax obligations that need a clear repayment plan.
Takes 1min • No obligation, No credit check, connect with a Mortgage Broker
Use cases
When homeowners review this option
Paying CRA income tax, HST, or payroll balances
Catching up on municipal property tax arrears
Reducing pressure from collections, penalties, or deadlines
Creating a structured plan before refinancing or selling
What to have ready
These details help Open Financial review the file faster and explain realistic next steps.
CRA or municipal statements showing the outstanding amount
Any payment arrangement notices or collection letters
Mortgage statement and property tax bill
Income and business documents that explain the arrears
Representative testimonials
Homeowner perspectives
“We needed a practical way to deal with a tax balance. Open Financial helped us understand the information lenders would ask for.”
“The process gave us a path to review instead of waiting for the problem to get worse.”
Open Financial
Review your second mortgage options with an Ontario-focused team.
Takes 1min • No obligation, No credit check, connect with a Mortgage Broker