Is this you?
- I received a CRA interest notice
- The original balance was small
- Time passed before review
"Interest is negligible."
CRA interest compounds daily from the original due date, even during disputes.
Why guessing is risky
- Interest applies automatically
- Delays dramatically increase cost
- Older balances grow fastest
Safe to ignore if
- No balance owing existed
- Amounts were paid immediately
Stop and check if
- Balances carried forward
- Payment was delayed
Resolve the doubt
Calculate my CRA interest cost (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people understand how delay amplified the balance."