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CRA Tax Penalties: Filing Late Has Costly Consequences

Posted: April 24, 2018
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, Essential Tax Facts, tax courses, tax education, Introduction to Personal Tax Preparation, CRA penalties, online campus, CRA interest rates, late filing penalties, interest on overdue taxes

Have you filed your 2017 taxes? With only a few days left before the April 30 filing deadline, if you haven’t, now is the time! The CRA’s late filing penalties are significant, and the interest rate applied to overdue taxes recently increased, making delayed filing a mistake you just can’t afford to make.