If you file late and owe taxes, the Canada Revenue Agency charges a late-filing penalty plus daily compound interest. The longer you wait, the more it adds up.

The standard penalty is:

• 5% of the balance owing, plus
• 1% for each full month late (up to 12 months)

Repeat late filings can result in even higher penalties from the Canada Revenue Agency.

Yes. You can file returns for previous years, and it’s strongly recommended to catch up as soon as possible to reduce penalties and interest.

You should still file your return on time (or as soon as possible). Filing late increases penalties. The Canada Revenue Agency may allow payment arrangements to spread out what you owe.

In most cases, the CRA focuses on getting you compliant. However, continued non-filing can lead to enforcement actions such as collections or legal consequences. The sooner you act, the better your options.

Yes, in some cases. The Canada Revenue Agency offers relief programs (such as taxpayer relief provisions) where penalties and interest may be reduced due to circumstances like financial hardship, illness, or errors.

You may need:

• T4s, T5s, or other income slips
• Business or self-employment records
• Expense receipts
• Notices of Assessment from prior years

If you’re missing documents, we can help retrieve them from CRA records.

Absolutely. Whether you’re a first-time filer or years behind, we’ll guide you step-by-step and get you fully caught up.

The Canada Revenue Agency can request multiple years of unfiled returns, especially if they suspect unreported income. It’s best to proactively file before they take action.

It depends on how many years are outstanding and how quickly documents are gathered. Simple cases can be completed quickly, while multiple years or complex situations may take longer.