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    W2ramo58
    New Member

    Penalties and Arrears Interest from assessment notice

    Can the penalties and arrears interest amount be deducted on the following year income tax filings?

    posted
    ‎June 1, 2020 1:55 PM
    last updated ‎June 01, 2020 1:55 PM
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    1 Reply
    Tatsiana_Cherviakova
    Level 4
    Level 4

    Penalties and Arrears Interest from assessment notice

    No, penalties and interest paid to CRA  can not be deducted. 

    ‎June 1, 2020 2:18 PM
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