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Monday, April 23, 2012

Penalties For Not Filing Taxes Are Getting Steep

If you plan on skipping out on doing your taxes, you better have your wallet close by.

Brenda Avery with BrenTax tells CHSJ News the penalty for not paying the tax man is 5 percent of what you owe plus additional late penalties.

She says the fees have been on the rise and the reason why people don't file is because they think they will owe the government.

She says thankfully, more and more people are biting the bullet and are filing tax returns from previous years and and the Canada Revenue Agency is willing to work with you to sort everything out.