The penalty for the late filing of a trust certification form can vary depending on the jurisdiction and the specific regulations in place. In some cases, there may be a fixed monetary penalty, while in others it could be a percentage of the value of the trust assets. Additionally, the penalty can accumulate interest over time if not paid promptly. It is important to consult the relevant laws and regulations or seek professional legal advice to determine the specific penalties associated with late filing of trust certification forms in a particular jurisdiction.