If you’ve missed filing taxes for previous years, BTown Accounting can help you catch up quickly and avoid penalties. Filing for multiple years is essential to staying compliant with the CRA and recovering any missed refunds.
Why You Need to File for Multiple Years:
Avoid CRA Penalties:
You may face up to 5% penalties on unpaid taxes, plus 1% per month for up to 12 months.
Prevent Interest Charges:
Unpaid taxes accrue interest daily.
Reclaim Refunds and Benefits:
Benefits like Canada Child Benefit (CCB) or GST/HST credits may stop if you don't file.