Why should I brace myself and panic like a bunch of headless chickens? I haven’t had any debt for a very long time and have a policy of never paying/owing interest. I may actually do my income taxes tomorrow, deadline is 2 May (2 days after I get back from Varadero) but that is only for tax payers who owe the CRA money.
What happens if you file personal taxes late?
Filing your taxes late when you have earned a refund or don’t owe any further tax will not result in any fees or penalties.
Brace yourself: Interest rates could be headed up even faster and higher than we thought
Some economists now think Bank of Canada rate could go twice as high as it was pre-pandemic
Pete Evans · CBC News · Posted: Mar 31, 2022 4:00 AM ET