CRA issues clear warning about consequences of missing tax deadline
Posted Apr 26, 2010 05:43:47 AM.
This article is more than 5 years old.
The Canada Revenue Agency has issued a not-so-subtle reminder that taxes are due by midnight on Friday.
They’ve also released some information about the consequences for those who fail to file on time.
The agency notes in a release that 19 Atlantic Canadians, including four Nova Scotians, were convicted of failing to file on time last year. They got a combined total of 11 months in jail, 12 months house arrest, and nearly $100,000 in fines.
In 2009, the CRA’s compliance officers also tapped 4,080 Atlantic Canadians for 8,127 missing returns. The additional taxes, penalties, and interest from those returns totalled more than $87 million.
The deadline for filing 2010 tax returns is midnight on Friday.