Missed the Tax Deadline? Read Our Complete Guide to CRA Penalties and Interest

The 2018 personal tax filing deadline was April 30, 2018. Seeing as we’re now in August, if you missed it and you owe money, you’ve likely racked up Canada Revenue Agency (CRA) penalties and interest by now. Late-Filing Penalties and Interest...

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CRA Penalties, Interest, and More – What to Do if You Will Miss the 2017 Tax Deadline

The 2017 income tax deadline is nearly a month away. April 30, 2018 is the date you must file by or be subject to Canada Revenue Agency (CRA) penalties, interest, and possibly collection action. Tax time can be a source of stress — gathering...

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The 2017 Income Tax Deadline is Right Around the Corner – Will You Owe?

The 2017 income tax deadline is looming — April 30, 2018 to be exact. Are you ready? There are two scenarios that can happen if you miss the 2017 income tax deadline. Scenario #1 —  you are owed money on your return. If you wait to file, this...

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What is the CRA Late Filing Penalty?

In Canada, if you file your income taxes late you will be subject to a CRA late filing penalty. This CRA late filing penalty can vary depending on how many times you have filed your income taxes late in the past. In addition to a CRA late...

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