Canada Tax Deadline Alert: Strict Penalties for Late Filers Approaching
April 30, 2025, 8:21 am
With tax day in full swing, Canadian authorities warn that late filers face a steep penalty—5% immediately, plus an extra 1% for every additional month. Taxpayers are urged to file promptly to avoid escalating fines amid year-end rushes.
Late filers could see a five per cent penalty on their balance owing, plus one per cent for each full month's delay
Late tax filers could see a five per cent penalty on their balance owing and an additional one per cent for each full month that they delay filing after the due date.
permalink / 2 stories from 2 sources in 7 hours ago
More Top Stories...
Federal election aftermath sparks varied political critiques
Following Monday’s federal election, a trio of political commentators weigh in on the drama. They lambast vote-splitting and campaign missteps, question if minority governance can really be rescued, and challenge whether Mark Carney has the magic touch needed to unite a fractured political landscape. More...
Deloitte Warns Tariff Fallout Could Deepen Economic Downturn
Deloitte’s recent economic outlook highlights that as companies’ pre-tariff precautions fade, the mounting impact of tariffs is expected to dampen investment and job growth. The report signals a more prolonged economic slump for Canada, underscoring the fragility of a trade-dependent market in an era of rising protectionism. More...
Canada’s GDP Dips Amid Hints of a Rebound in March
Statistics Canada reported a 0.2% contraction in GDP for February, with preliminary data for March indicating a moderate bounce back. The dip, driven mainly by declining goods-producing sectors, has raised cautious optimism for an economic recovery, despite the short-lived setback. More...
Trump Plans Imminent White House Meeting With Canadian PM Carney
US President Trump confirmed that he expects Prime Minister Carney to visit the White House within the next week. The invitation is part of a bid to reinforce cordial ties despite past political barbs. Diplomatic theatrics continue, keeping everyone guessing. More...
Tensions Escalate as Pakistan Warns of Imminent Indian Strike
In a dramatic turn, Pakistani officials claim they have credible intelligence predicting an imminent Indian strike. Meanwhile, Indian leadership signals readiness to respond, fueling an already volatile standoff. The exchange, equal parts dire and theatrical, highlights the perilous dance on the international stage. More...
