Due dates, penalties and interest
You have to file the return for a contribution year by May 1 of the year in which the contribution year ends. For example, the 2019 contribution return is due by May 1, 2020. For other years, if May 1 is a Saturday, Sunday or a public holiday, your return is due the next business day.
Penalties and interest
The minimum penalty for late filing the RRSP contribution receipt information return is $100 and the maximum penalty is $7,500. For the complete penalty structure, see Late filing information return.
Cancel or waive penalties or interest
The CRA administers legislation, commonly called the taxpayer relief provisions, that gives the CRA discretion to cancel or waive penalties or interest when taxpayers are unable to meet their tax obligations due to circumstances beyond their control.
The CRA’s discretion to grant relief is limited to any period that ended within 10 years before the calendar year in which a request is made.
For penalties, the CRA will consider your request only if it relates to a tax year or fiscal period ending in any of the 10 calendar years before the year in which you make your request. For example, your request made in 2019 must relate to a penalty for a tax year or fiscal period ending in 2009 or later.
For interest on a balance owing for any tax year or fiscal period, the CRA will consider only the amounts that accrued during the 10 calendar years before the year in which you make your request. For example, your request made in 2019 must relate to interest that accrued in 2009 or later.
To make a request, fill out Form RC4288, Request for Taxpayer Relief – Cancel or Waive Penalties or Interest. For more information about relief from penalties or interest and how to submit your request, go to Taxpayer relief provisions.
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