02/22/2026
π¨Donβt Let Late Filing Penalties Surprise You! π¨π¦
Missing a tax deadline can cost you more than you think. If you owe taxes and file late, the Canada Revenue Agency charges:
βοΈ 5% penalty immediately
βοΈ + 1% for every full month youβre late
βοΈ Interest charged daily
And if youβve filed late before? The penalty can double.
π‘ Even if you canβt pay right away, ALWAYS file on time to avoid extra penalties.
Deadlines are closer than they seem β donβt wait till the last minute!
02/06/2026