Reporting and Remitting - Retail Sales Tax
Late Returns
If you fail to file a return or file a return late, you will be required to pay penalties as follows:
- 10% of the Tax Collectible on Sales (Line 2 of the return) and,
- 5% of the Tax Payable for Own Use (Line 3 of the return), with no maximum.
Returns must be filed by the due date, even if there are no sales or RST to report.
If you fail to remit the total RST owing with a return, the penalty is:
- 10% of the Tax Collectible on Sales (Line 2 of the return) plus,
- 5% of the Tax Payable for Own Use not remitted (Line 3 of the return), with no maximum.
For further information regarding Penalties, please refer to RST Guide 205 - Penalties.
