Interest and penalties for individuals - Personal income tax
Find information about interest and penalties on a balance owing if you file or pay your taxes late, as well as how to ask the CRA to cancel or waive interest or penalties, and if 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 your taxes or file your return late
Tax instalment interest and penalty
A penalty and interest may be charged if you do not pay your required instalments, pay late or not enough
Cancel or waive penalties or interest
Make a request to cancel or waive penalties or interest 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
COVID-19 related interest relief on 2020 taxes Archived
Interest relief on 2020 taxes owing until April 30, 2022 if you met the conditions and received COVID-19 benefits in 2020
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