Filed a couple late (May 16) because of the excess load this year.
Paid the late file penalties for each. She just got her NOA. No late file penalty but 152. instalment interest although she paid her instalments on time.
CRA website shows her account with various interest charges and reversals. Shows my payment of her late file penalty and ends up with a credit balance about $10 more than the late file penalty?
Stay tuned for the next thrilling instalment.
Any capital gains on the return?
No penalties until tomorrow if that was the case.
If I miss a deadline and it’s my fault, I’ll reimburse the penalty to my client. But not the interest. I have clients who refuse to pay either personal or corporate instalments, so arrears interest is on their dime. I try to emphasise that you’re not proving anything by ignoring instalment payments.
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