CRA denied late filing taxpayer relief on penalties and interest
· Financial Post
If you filed your 2025 tax return late, or you have yet to file, you could face a late-filing penalty of five per cent of any balance owing, plus one per cent of the balance owing for each month your return is late, to a maximum of 12 months. (Self-employed taxpayers and their spouse or partner still have until June 15 to file on time for 2025.) Read More
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