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.
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