Due dates, penalties and interest

Due dates

The due date for filing the return for a contribution year is May 1st of the year in which the contribution year ends. For example, the 2011 contribution return is due by May 1st, 2012. If May 1st is a Saturday or Sunday, your information return is due the next business day. 

Penalties and interest

The minimum penalty for late filing the RRSP Contribution Receipt information return on time is $100 and the maximum penalty is $7,500. For the complete penalty structure, see Penalty for failure to file an information return by the due date.

The taxpayer relief provisions of the Income Tax Act give us some discretion to cancel or waive all or a part of interest charges and penalties. This allows us to consider extraordinary circumstances that may have prevented you from fulfilling your obligations under the Act.

For more information, see Information Circular IC07-1, Taxpayer Relief Provisions.

Related Topics

• Important dates for 2012
• All rates