CRA Penalties and Interest: Avoid Late Filing, Incorrect Returns & Costly Mistakes

Overview of penalties and interest for CRA accounts, with instructions for accountants.

Since the 2025 tax filing season begins on February 24, it is important to note Canada Revenue Agency (CRA) penalties and interest charges that self-employed professionals, freelancers, and contractors may incur. These CRA penalties are designed to encourage compliance with tax laws, but can be costly if ignored. Whether you are filing your taxes on […]