Tax Obligations with CRA Extend Beyond the 6-Year Rule

Tax Obligations with CRA Extend Beyond the 6-Year Rule

If you have outstanding taxes with the CRA, the 6-year rule doesn't exempt you. Even a decade later, you'll still be required to settle the tax liability.

Penalty and interest will continue to accrue until the outstanding tax liability is settled, emphasizing the importance of timely payment.


Disclaimer: “Please note that the information provided in this article is of a general nature and may not be accurate for your specific situation. The information is current as of the date of posting and is not intended to provide legal advice. It's always recommended that you consult with a professional accountant and lawyer for personalized guidance and advice."