Interest and penalties for individuals

Interest and penalties on a balance owing if you file or pay taxes late. How to cancel or waive interest or penalties and when you may be eligible for interest relief.

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Interest and penalties on late taxes

How interest and penalties are charged on your balance owing if you pay or file your taxes late

COVID-19 benefit related interest relief

Interest relief for individuals who received a COVID-19 benefit such as CERB or EI

Tax instalment interest and penalty

Interest and a penalty may be charged if you do not pay any of your required instalments, pay late, or pay too little

Cancel or waive interest or penalties

Make a request to cancel or waive interest or penalty charges on your balance owing

False reporting or repeated failure to report income

Penalties for failing to report income, false statements, or omitting information on your tax return

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