CRA denied late filing taxpayer relief on penalties and interest

If you filed your 2025 tax return late, or you have yet to file, you could face a late-filing penalty of five per cent of any balance owing, plus one per cent of the balance owing for each month your return is late, to a maximum of 12 months. (Self-employed taxpayers and their spouse or partner still have until June 15 to file on time for 2025.)

If it’s not the first time you’ve filed late, and you’ve been assessed a late-filing penalty in any of the...