What happens if I don't file my Canadian income tax on time?
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What happens if I don't file my Canadian income tax on time?

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This topic contains 1 reply, has 1 voice, and was last updated by Avatar of Robert Robert 7 years, 11 months ago.

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  • #5013
    Avatar of Robert
    Robert
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    We have a question from a client:
     
    What happens if I don’t file my Canadian income tax on time?

    #5014
    Avatar of Robert
    Robert
    Member

    If an individual does not file his/her taxes on time, a late-filing penalty will be charged along with interest accruing on the outstanding balance. The late-filing penalty is typically 5% of the balance owing (plus 1% per month up to a maximum of 12 months).

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