If you owe tax and do not file your return on time, the Canada Revenue Agency (CRA) will charge you a late filing penalty and interest.
Penalties and interest for filing your income tax return late
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If you owe tax and do not file your return on time, the Canada Revenue Agency (CRA) will charge you a late filing penalty and interest.
For ordinary Canadian individuals, the personal tax returns have to be filed on or before April 30. Income tax filing deadline for 2014 was extended to May 5, 2015.