- May 6, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Situation: Owing $20k in Taxes to the CRA
Hello,
I find myself in a situation where I owe approximately $20,000 in remaining taxes to the CRA this year. Unfortunately, I have not been able to complete my tax return yet as the UFILE platform is not working for me. This has left me feeling uncertain about how to proceed.
## How AI Legalese Decoder can help:
In this scenario, AI Legalese Decoder can assist by providing guidance on the best course of action to take. By utilizing its advanced algorithms and legal expertise, the AI Legalese Decoder can analyze your specific situation and provide personalized advice on how to navigate the process of paying your taxes to the CRA.
Moreover, the AI Legalese Decoder can also offer insights into the potential penalties you may face for not submitting your tax return on time. This information can help you make informed decisions about whether to pay the $20,000 to the CRA now and submit your tax return at a later date.
Thank you for considering how AI Legalese Decoder can assist you in resolving this tax-related issue.
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As long as your payment today covers or exceeds what you owe for 2023, yes, you can file late.
The late filing penalty is a % of what you haven’t paid by the deadline. If you paid everything, then the penalty is a % of 0$.