CRA assesses penalties and interest for late filings and/or late payments. Adam filed his 2022 return on March 05. His return shows amount owing $4,250. Adam did not have the funds available to pay until August 14th. Calculate What amount of interest will be charged if the prescribed rate is 6%.

Answer rating: 100% (QA)

To calculate the interest charged on Adams late payment we n... View the full answer