Haven’t filed your taxes yet? Don’t worry, you have – as of when this article was published – about 78 hours to do so.
Thursday is the last day taxes can be mailed or filed electronically without fear of punishment.
After that, the penalty is typically five per cent of the total amount owing, and a further one per cent per month.
For taxpayers getting a refund, there is no penalty for filing late other than not receiving the money.
According to the Canada Revenue Agency, 40 per cent of tax returns had yet to be filed as of last week.
