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October 7, 2024
Question

Did not put amount in line 13000 what is the penalty?

  • October 7, 2024
  • 1 reply
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    1 reply

    TurboTaxSusan
    October 9, 2024

    This Canada Revenue Agency (CRA) webpage has information on the penalties for not reporting income:

    https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/interest-penalties/false-reporting.html

     

    You can add the Line 13000 amount by making an adjustment to your return. This TurboTax FAQ tells you how to do this using ReFile: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/accounting-bookkeeping/filed-tax-return-still-make-changes/L992Trv7f_CA_en_CA

     

    This Canada Revenue Agency (CRA) webpage lists other ways to can adjust your return: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/change-your-return.html