Can rev Canada take all the money from my bank account for student loans or just a percentage?

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1085330

2026-02-19 04:10

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In Canada, the Canada Revenue Agency (CRA) can garnish your bank account to recover overdue student loans. Typically, they can take a percentage of your funds, but this is subject to certain exemptions and limits. If your account contains funds that are considered exempt (like social assistance or certain benefits), those amounts may be protected. It's best to consult with a financial advisor or legal expert for specific advice regarding your situation.

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