canada tax season

Filing your income tax return late in Canada won't get you immediately thrown in jail, but the decision does come with penalties and interest charges, which get worse the longer you wait.

According to the Government of Canada, the penalty for filing late is a 5% charge on top of the balance owing on your tax return, plus an additional 1% for each month that the return is late, for a maximum of 12 months.

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Canada Revenue Agency (CRA) workers could go on strike during Canada's tax season this year as talks over wages and remote work have broken down.

On January 10, 2023, the Public Service Alliance of Canada (PSAC) and the Union of Taxation Employees (UTE) released a statement to announce nationwide strike votes for more than 35,000 CRA workers.

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