02/22/2026
🚨Don’t Let Late Filing Penalties Surprise You! 🇨🇦
Missing a tax deadline can cost you more than you think. If you owe taxes and file late, the Canada Revenue Agency charges:
✔️ 5% penalty immediately
✔️ + 1% for every full month you’re late
✔️ Interest charged daily
And if you’ve filed late before? The penalty can double.
💡 Even if you can’t pay right away, ALWAYS file on time to avoid extra penalties.
Deadlines are closer than they seem — don’t wait till the last minute!
02/06/2026