A CRA Late Filing Penalty Will Significantly Increase Your Tax Debt Making it Hard to Pay CRA

Our team of ex-CRA and legal professionals can help you reduce a tax debt and fight issues such as a CRA late filing penalty. For tax help call 1-888-868-1400 today for a free consultation.

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If you have a CRA tax owing, need tax help and want to reduce CRA late filing penalties and interest, you can count on us!

The CRA late filing penalty, which arises as a result of not filing your previous year’s tax return on time, is 5% of the CRA tax owing, plus 1% of the CRA tax owing for each full month your return was late, for up to 12 months. The CRA late filing penalty as a result of not filing multiple years of tax returns may be 10% of the CRA tax owing plus 2% of the CRA tax owing for each full month your return was late, for up to 20 months. This is in addition to the compound interest which will be charged on your tax debt and penalty, retroactive to when you should have filed.

A CRA tax penalty and interest can be crippling and cause your tax debt to balloon to a size that can make it impossible to pay CRA under terms they will accept and that you can live with.

If you have a tax debt and you’re concerned that you can’t pay CRA, we can help you to:

  • Stop CRA collection action
  • Reduce and eliminate a CRA late filing penalty and interest
  • Achieve tax relief

We offer you a free initial consultation which you can book by completing our contact form, calling 1-888-868-1400 or emailing clientservices@taxsolutionscanada.com to set up a phone consultation or in-person meeting today!

Contact Farber Tax Solutions
1-888-868-1400
Service Overall rating: ★★★★★ 5 based on 15 reviews
5 1

Muncton, NB

★★★★★
5 5 1
I would highly recommend the services of the Farber Tax team! James spent time listening to my situation and recommending a course of action, I accepted his help right away. Scott was my go to in the office and guided us through our CRA nightmare. He took over all communications with the CRA even though we had an extremely aggressive collector harassing my family for payment. This collector would call multiple times a day both myself, my wife and Scott. It got so bad that Scott had this individual removed from our file and a reprimand of the collectors behavior was sent in to his superiors. Fortunately we came to a reasonable payment arrangement and a much better collector. I’m happy to say we only have one more payment and we will be caught up. The power the CRA holds over individuals is unbelievable. I could not believe we had to experience this treatment and I firmly believe Scott saved the day, our sanity and our financial future. This company knows their stuff, and again, I highly recommend them to be in your corner.

Farber Tax Solutions can help you successfully deal with CRA collections. We utilize the experience of our ex-CRA professionals to:

  • 1| remove existing collections action;
  • 2| prevent future collections actions; and
  • 3| help implement an affordable payment arrangement that is acceptable to the CRA.

In some cases, collection actions can even be postponed altogether. Our staff have over 30 years of combined experience working at the CRA and utilize their insider knowledge to help secure the best deal for you.