CRA-Proof Your Tax Filing
That’s right, tax season is upon us again, Calgarians! But before you break into a cold sweat, take a deep breath and avoid unnecessary stress and penalties with our brief guide to staying “CRA-safe” in 2024. Here’s what you need to know: Missing the April 30th deadline for filing your return or paying your balance comes with consequences. The CRA charges compound daily interest on unpaid taxes starting May 1st, and late-filing penalties that start at 5% of your 2023 balance owing