CALL TODAY 1-888-868-1400

Download our FREE eBook

Learn about the different methods that many Canadian individuals and businesses have leveraged to successfully reduce or eliminate penalties and interest owing on their tax debts.

Download Now

Blogs tagged with tax arrears

Tax arrears, the CRA Late Filing Penalty and Bankruptcy


If you owe money to the Canada Revenue Agency but don’t file on time, you will be charged a CRA late filing penalty. The CRA late filing penalty is 5% of your balance owing plus 1% for every full month that your return is late, up to a maximum of…


Read More