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Avoid late filing consequences

Late Filing

The Canada Revenue Agency sets a deadline for filing tax returns, and there are consequences for missing that very important date.

Penalties On Late Tax Filing 

If you owe taxes and fail to meet the deadline, penalty charges and daily compound interest will accrue on the unpaid amount. The penalty is 5% of the outstanding balance plus an additional 1% of the outstanding balance, for every month your return is late, to a maximum of 12 months. If you have 12 months of late tax filing, your total penalty will be 17% of the balance owing.

Generally, the only way to file late without penalties is when the government owes you money.

Why Wait Any Longer?  

Dealing with past due to returns immediately is very important. CRA understands that people make mistakes and thus allows a limited time window to tile past due return.

We Are Here To Release You Form Stress

We can examine your situation and find every tax deduction and credit you qualify for, because no one wants to pay more than their fair share of taxes.

If after filing all past due return, the balance owing is high, we can help to negotiate with CRA for tax relief, reduction in interest and penalties or affordable small payments.

We have been providing a personalized approach to our clients for many years, call us today for questions about late tax filing or Drop by; we will be happy to serve you.

Life Time Guarantee & Audit Assistance 

We ensure to employ all-important safeguards to prepare and submit your tax return, accurately and error-free. We double-check our work for errors, but if do make an error in your return, we will fix it for free, reimburse your tax preparation fee or any interest or penalties charged on additional taxes due. However, we can’t assume the liability for the additional tax which is taxpayer responsibility.

It is the responsibility of the taxpayer to provide all relevant information for tax return preparation.

If any time your return will be audited by the Canada Revenue Agency, we will be happy to provide you fee audit assistance, and fax all relevant documents to CRA at extra cost to you.

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