Interest and penalties for individuals - Personal income tax

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Interest and penalties for individuals - Personal income tax

Personal income tax

Interest and penalties for individuals

Learn about

  • Interest and penalties if you file or pay late
  • How to request cancellation or waiver of charges
  • When you may qualify for interest relief

Services and information

Interest and penalties on late taxes

How interest and penalties apply if you file or pay your taxes late

Tax instalment interest and penalty

Interest and penalties if you miss, pay late, or underpay instalments

Cancel or waive penalties and interest

How to request cancellation or waiver of charges on your balance owing

False reporting or repeated failure to report income

Penalties for failing to report income or making false statements on your return

COVID-19-related interest relief on 2020 taxes Archived

Interest relief on 2020 taxes owing until April 30, 2022, for eligible individuals who received COVID-19 benefits


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2026-01-20