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Markup/Free Tools/CRA Penalty Estimator
Free Tool · 03

Free CRA Penalty
Estimator

See what a late filing actually costs, based on current CRA penalty rules and prescribed interest rates.

GST/HST filing details

$

Penalty capped at 12 months

Excise Tax Act s. 280.1: 1% of the amount owing + 0.25% per complete month late (max 12 months = 4% total). Plus interest at the CRA prescribed rate (currently 7% annually), compounded daily.Note: If the CRA has issued a formal demand to file, an additional $250 penalty applies.

Estimated penalty

Enter your balance owing and how late the return is to see the estimate.

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The 5 most common CRA penalties + how Markup auto-tracks each one. One email, no account needed.

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