Late-Filing Penalty & Interest Estimator
Estimate the penalty and accrued interest on a balance owing when a return was filed after the due date.
Important: This is an educational estimate only, not tax advice, and is not connected to your real CRA account. Actual penalty and interest amounts are determined by the CRA. See our Disclaimer for details.
CRA's prescribed arrears interest rate changes every quarter — this defaults to an illustrative value. Check the current rate on canada.ca before relying on this estimate.
Estimated result
Months late5
Estimated penalty$500.00
Days accruing interest136
Estimated interest$151.27
Estimated total owing$5,651.27
Simplified estimate: does not compound interest on the penalty itself, and assumes no partial payments were made in the period. Actual CRA notices may differ.