CRA Convictions – Yes, People Really are Prosecuted for Filing Taxes Late
Yes, it’s true — CRA convictions are a real thing and they happen to average people across the country. When it comes to filing taxes late, tax debt, and tax evasion, the Canada Revenue Agency (CRA) has many measures at its disposal. This includes collection action — such as wage garnishments, freezing bank accounts, and […]
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 According to the CRA, late-filing penalties and daily compound interest start accumulating on May […]