View Single Post
Old 08-14-2007, 04:15 PM  
Yngwie
I am an Alien from space
 
Yngwie's Avatar
 
Industry Role:
Join Date: May 2003
Location: Ontario, Canada
Posts: 11,118
just so you know, the CRA WILL tack on COMPOUNDED interest on EVERY year you failed to pay. I know because I got fucked that way for not filling taxes for 5 years.

so it will be as follws

the amount you owe on taxes
+
Penalty fees
+
Interest

not sure what interest rate they use, but needless to say the first year that they taxes me for (didn't make much.. maybe $58 000 or so) was $5500 owing in taxes and the end owing amount for that was $17 000 and change with the penalty fees and shit..
__________________
ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca
Yngwie is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote