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Late Filing Penalty Self Employed Canada

Late Filing Penalty for Self-Employed Canadians (2026)

July 14, 2025 by Canada Business 2026

CRA late filing penalty for self-employed Canadians — 5% base + 1% per month, repeat offender rates, how interest compounds, and how to reduce penalties.

Categories Taxes Tags Canada, CRA, Deadlines, Freelancer, Late Filing Penalty Self Employed Canada, Newcomer, Self-Employed, Small Business Canada, T2125, Taxes & Filing

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