Late Filing
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Late Filing

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This topic contains 1 reply, has 2 voices, and was last updated by Avatar of Robert Robert 4 years, 9 months ago.

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  • #5628
    Avatar of lindak
    lindak
    Member

    I was late filing my company GST/HST return. What penalties?

    #5651
    Avatar of Robert
    Robert
    Member

    For GST/HST, the penalty calculation sounds a little complicated but it is essentially 4% of the GST/HST you owe. The technical calculation is 1% plus 25% of that 1% multiplied by the number of months you are late, to a maximum of 12 months. If you receive a demand to file, there is a flat rate penalty of $250.

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