Tag: tax penalties

Mar

9

Tax Penalties Canada (Part 2)

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The following is the continuation of our Tax Penalties Canada series.  This is part two. False or deceptive entries made in records, omissions from records, or destruction of records to evade tax: The Canadian Federal government will charge 50% to 200% of the tax that the taxpayer tried to evade and/or a maximum of two years of […]

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Feb

23

Tax Penalties Canada

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Major Tax Penalties in Canada (part 1) The following is a list of major tax penalties and offences in Canada based on the type of violation: Failure to file a tax return: Federal & Quebec will penalize you with 5% of unpaid tax and 1% per full month the return is not filed (max. 12 months). Failure […]

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