Personal Tax Penalty Calculator

Try out this calculator to accurately see what penalties and interest you may owe!

Canadian Personal Tax Penalty Calculator

Calculate your tax penalties and interest accurately

Tax Year

Select Tax Year

I or my spouse/partner earned self-employment income in this tax year

Filing Information

Expected Tax Owing ($)

Expected Filing Date

Expected Payment Date

Additional Information

The CRA sent a formal demand to file my tax return for this tax year

The CRA has charged me with a late filing penalty in the previous 3 tax years

Foreign Asset Details (T1135)

I owned foreign property with a total cost over $100,000 (CAD) at any time in the year

The T1135 is being filed late knowingly or due to gross negligence

Note: Exclude foreign investments in registered accounts (TFSA, RRSP, RESP, FHSA)

Calculation Results

Category	Amount

Disclaimer: These calculations are estimates and actual amounts may vary. Calculations exclude instalment interest and penalties.

Period	Annual Rate	Base Amount	Penalties Added	Interest	Balance

Let’s make taxes less taxing.
Reach out now to start a conversation about your financial future.

Get in Touch

Chat with our team with our team of experienced professionals at CoPilot Tax to learn how we can help you save on your taxes.

Personal Tax Penalty Calculator

Canadian Personal Tax Penalty Calculator

Tax Year

Filing Information

Additional Information

Foreign Asset Details (T1135)

Calculation Results

Let’s make taxes less taxing.
Reach out now to start a conversation about your financial future.

Get in Touch

Helping you keep more of your hard-earned money

Company

CoPilot Tax Newsletter

Follow Us

Personal Tax Penalty Calculator

Canadian Personal Tax Penalty Calculator

Tax Year

Filing Information

Additional Information

Foreign Asset Details (T1135)

Calculation Results

Penalty Calculation Details

Interest Calculation Details

Let’s make taxes less taxing. Reach out now to start a conversation about your financial future.

Get in Touch

Helping you keep more of your hard-earned money

Company

CoPilot Tax Newsletter

Follow Us

Let’s make taxes less taxing.
Reach out now to start a conversation about your financial future.