403-327-3101 info@woodmanwhite.ca

If you have a balance owing and do not file your personal tax return by April 30th, the Canada Revenue Agency will charge you a late-filing penalty of 5% of your balance owing on the due date of your return, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months. Even if you cannot pay your balance owing by April 30th, you can avoid the late-filing penalty by filing on time. Filing late may also delay or stop benefit payments like the Canada Child Benefit. If you file your return but are unable to pay the amount owing, it is best to contact the Canada Revenue Agency; you may be eligible for a payment arrangement or taxpayer relief.