Penalties and Interest Facts
Late PST filings
- 10% on tax collectible on sales, 5% on tax payable for own use
Late ETD payroll tax fillings
- 10%
Late T4, T5 & T5018 return filings
- $25 per day to a maximum of $2,500
Late GST payments
- $250 + 1% + 0.25% monthly penalties & Interest at 6-8%
Late tax payments
- Interest at 6-8%
Late income tax return filings
- 5% penalty plus 1% per month interest (both penalties and interest double if not first offender)
Late WSIB filings
- 10.5%