Canada Tax Questions Answered by Experts
The plan will not work.
First declaring bankruptcy does not affect the $45,000 at all. This is a special debt. Your husband is considered to be the trustee for money he is holding in trust for the government. In other words he collected it for them. Bankruptcy has no relevance in that case and the debt will remain.
Yes the government will seize the house if the money cannot be paid off another way.
Your husband cannot transfer the title to you to defeat creditors. That would be fraud and this fraudulent conveyance will be set aside.
Neither personal or corporate bankruptcy will help in this case. He owes the money personally as the director of the corporation.
I suggest that your husband sit down with a lawyer to get a better understanding of the law.
I am sorry this is not what you were hoping to hear and for your terribly difficult situation.