Late Filing Penalty Calculator
calculate_late_penaltyCompute CRA late-filing penalties and estimated interest for T2, AT1, or GST returns. Provide unpaid tax, months late, and return type to get the amount owed.
Instructions
Calculate CRA penalties and estimated interest for late filing of T2, AT1, or GST returns.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| unpaid_tax | Yes | Amount of tax owing at the filing deadline ($) | |
| months_late | Yes | Number of complete months the return is late | |
| return_type | No | Type of return | t2 |
| is_repeat_offender | No | Filed late in any of the 3 preceding years AND received a demand to file? | |
| prescribed_interest_rate | No | Current prescribed interest rate (annual, decimal) |