Why Paying Your Taxes on Time Is So Important?

You might think that paying your taxes is something you can do at your own pace, but it's not a good idea to delay. Paying your taxes on time is crucial to avoid late-filing penalties and interest charges. The CRA applies interest to any unpaid balance, and this interest can add up quickly. By knowing your payment due dates and having a plan to pay, you can manage your finances with confidence and avoid unnecessary fees.

Source: https://www.canada.ca/en/revenue-agency/services/payments/payments-cra.html