Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Penalties |
Amounts taxpayers or registrants must pay if they fail to file returns or remit or pay amounts owing on time, or if they try to evade paying or remitting tax by not filing returns. Penalties must also be paid by people who knowingly, or under circumstances amounting to gross negligence, participate in or make false statements or omissions in their returns, and by those who do not provide the information required on a prescribed form. |